How to Calculate Your Rates
Rates are calculated based on the value of a property, using a method called Capital Improved Value. Capital Improved Value refers to the value of the land and any improvements, such as a house, garage, swimming pool etc. .
Each year Council determines the amount of rate revenue that needs to be raised to deliver key services, facilities and to spend on improving roads, footpaths, parks and other community facilities.
A rate in the dollar is then determined and applied to each property. The rate in the dollar amounts for 2011/2012 are as follows:
▪ Residential Houses, Flats and Units 0.002516 cents in the dollar
▪ Retirement Villages 0.002326 cents in the dollar
▪ Commercial/Industrial 0.004038 cents in the dollar
▪ Farms 0.002235 cents in the dollar
▪ Vacant Land 0.004241 cents in the dollar
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A Guide to Residential Rates in Brimbank
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Value of Property
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2011/2012 Yearly Rates
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$150,000
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$671.08
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$200,000
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$796.88
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$300,000
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$1048.48
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$400,000
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$1300.08
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$500,000
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$1551.68
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Further Information
For more information call 9249 4000 or email info@brimbank.vic.gov.au
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