COVID-19 rate hardship measures available

Published on 31 August 2020

Property owners will receive their annual rates notices in coming days.

In its 2020-2021 Budget, Council elected to freeze the average rate as part of its $2.5 million COVID-19 Economic Stimulus and Support Package.

Director Corporate and Community Services David Rae said it was important to note some rates may go up or down.

“Individual property owners may experience an increase or a decrease, given valuations are now conducted annually by the Victorian Valuer General,” he said.

Council also adopted the COVID-19 Financial Hardship Policy to provide a temporary framework for financial relief to individuals, business and organisations who need assistance from the impacts of the Coronavirus Pandemic.

Mr Rae said property owners suffering financial hardship due to loss of earnings during the pandemic should be aware of the hardship policy which may apply to their circumstances.

“The policy provides them with a clear and transparent understanding of the options and assistance that are available if they are in financial hardship due to COVID-19,” Mr Rae said. “Eligible applicants will be able to access deferred payment options and interest waivers on debts due. In exceptional circumstances some amounts due may be waived.”

The policy applies to all amounts owed to Council for rates, service charges, municipal charge and fire services levy, as well as non-rate debts including animal registrations, permits, fees and user charges.

Mr Rae said the policy was also aimed at ensuring the sustainability of Council services whilst being considerate of the needs of ratepayers and customers at this time.

The COVID-19 Financial Hardship Policy can be found here. 

Visit Council’s website or call 5593 7100 for more information on how to apply.

Rates are due by 15 February and can be paid in a lump sum or by four instalments due by the end of September, November, February and May.

For 2020-2021, Council's general rate is 0.35982 cents in the dollar of the Capital Improved Value of each property.

The average value for a residential house and land in Corangamite is around $260,000. This equates to about $936 in general rates.

A $202.50 municipal charge and $359.20 waste management charge also applies where the service is provided.

There are 9648 rateable properties in the Shire and rates and charges will generate a total of $22 million towards Council’s $56 million Budget.