Annual rates notices out now

Bayside’s 2018/2019 rates notices are hitting mailboxes this week.  More than paying for just roads and rubbish, rates support the infrastructure and services that help to make Bayside one of Australia’s most desirable places to live, work and play.

Rates and charges make up 73 per cent of Council’s revenue, with the remainder from fees, grants and subsidies. 

This year Bayside’s rates will increase 2.25 per cent on average, in line with the Victorian Government’s cap on rates. Individual property rates may increase more or less than 2.25 per cent depending on movements in value compared with other properties in Bayside.

Council is required by legislation to use property valuations to set rates every two years. 2018/2019 is a property revaluation year - the value of Bayside properties increased by an average of 18.8 per cent overall.

From 2019/2020, the State Government will require properties to be revalued annually.

The value of a property determines only the share of rates paid by that property.  Changes in property values do not affect the total revenue Council receives from rates.  

This year, for the first time, rates notices will include an Australian Valuation Property Classification Code (AVPCC). The codes are used to assist in land valuations for rating, taxing and levy purposes under the provisions of the Fire Services Levy Property Act 2012.

Current rates and charges are due and payable as shown on the front of your rates notice.  Current rates and charges may be paid by four instalments. To be eligible, the first instalment must be paid by 30 Sept 2018. Find out more information on how your rates are calculated including your payment options and due dates.