Have your say on Council’s reviewed Draft Revenue and Rating Plan

Published on 31 March 2025

Colac Otway Shire Council’s Draft Revenue and Rating Plan is now on exhibition with members of the community encouraged to have their say.

Feedback from ratepayers is invited following Council’s review of its differential rating system, which sets different rates levels based on property types

Rates are calculated based on the value of a property, and the differential system aims to keep the system equitable across the rating categories.

Mayor Jason Schram said the Draft Revenue and Rating Plan proposes to reduce the farming differential to 65 per cent, providing some relief for farm owners.

“Lower rates for farms will help offset a recent rise in farm property values, and will also be welcome news for the shire’s farmers who are experiencing drought conditions.

“This will make things fairer for farmers, who are a valued part of our rural community and are essential for our economy and food security.

The draft plan also proposes to increase rates for holiday rental properties. Holiday rentals currently pay the same rate as Colac residential properties, but this would change to 105 per cent.

"Rates are essential for the services and infrastructure we all rely on, like roads, parks, footpaths and community programs.

“This review ensures the rates system remains balanced,” Cr Schram said.

Other rating categories will remain unchanged.

Council has released the Draft Revenue and Rating Plan for public comment for four weeks. People who make a written submission may also nominate to speak to their submission at a future Submissions Committee meeting. Submission close at 5pm Friday 25 April 2025.

Visit https://www.colacotway.vic.gov.au/Community-Consultations/2025-2029-Draft-Revenue-and-Rating-Plan for more information and to make a submission.