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Property valuation and calculating rates

Rates revenue helps fund the services Maroondah City Council provides to ratepayers and residents. This revenue is collected through charging rates to the owner or occupier of every property in the municipality. 

Council aims to charge ratepayers equitably - by using property values to fairly distribute rates charges.

Property values are assessed by a general valuation of the municipality. The value of your property is assessed as the Capital Improved Value, which is the total market value of the land plus buildings and other improvements. Valuers analyse recent sales and leasings and take into account individual characteristics of properties.

A property valuation is required every two years under the Victorian Government’s Valuation of Land Act (1960). The rate notice is based on valuation levels determined by the market on 1 January of that year.

A General Valuation does not increase or decrease revenue for Council. It establishes the value of property relative to all other properties within the municipality, which is used to distribute the rate burden in a fair and equitable manner to all rate payers.

Council collects rates from residents and businesses in its municipality to help fund local infrastructure and services.

In determining the level of rate income, Council carefully considers:

  • the long-term vision, aspirations and needs of the community
  • capital works and services required throughout the year
  • all sources of non-rate income, such as government grants and fees and charges.

The Victorian legislation that enables councils to levy rates and charges is the Local Government Act 1989.

Rate in the dollar

Calculating how much each property owner pays in rates involves:

  1. determining the total amount of rate revenue required
  2. dividing this across the total value of all rateable properties to establish a rate in the dollar.

Total rate income required = (Total income required) - (Income from other sources)

Rate in the dollar = (Total rate income required) ÷ (Total Capital Improved Value of the municipality)

The current rate in the dollar in Maroondah is:

Rate type

Rate in the dollar

General Rate


Differential Rate - Vacant Land


Rates to be paid by each property

Council determines the amount to be paid in rates by applying the rate in the dollar to the assessed Capital Improved Value of each property. Hence the higher the property value, the more rates paid; the lower the property value, the less rates paid.

Rate to be paid by the property = (Rate in the dollar) x (Individual property CIV)

More information

Call us on 1300 88 22 33 or visit any of Council's service centres and our officers will be happy to help. 

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