The City of Boroondara’s rates notices are being issued this week. Payment of rates can be made conveniently and securely online, with all payment methods detailed in notices and on the options for payment page on the City of Boroondara website.
While the Victorian Government’s legislation to cap rates came into effect on 1 July 2016, the cap applies to the total rate revenue for Council and not to rates for individual properties.
Councillor Jim Parke, Mayor of Boroondara, said the 2.5 per cent cap didn’t necessarily mean individual rates would be capped at 2.5 per cent.
“The cap applies to Council’s total rate revenue, not individual properties, so you might find that your rates have increased either more or less than 2.5 per cent.
“It’s also a revaluation year, so the revised property value will determine the amount of rates for that property,” he said.
“As always, changes to the rates bill depend on the percentage change in capital improved value of a property.”
Late last year, Victorian councils were given the option to apply for an exemption from limiting rate rises to the CPI.
“Boroondara Council has not sought an exemption so our rates revenue will be capped at the CPI.
“Through a history of strong financial management, this Council, which has already seen the three lowest consecutive rates rises in over a decade, has been able to ensure that Boroondara’s services will not be unduly impacted by the Victorian Government’s rate cap in the short to medium term,” Cr Parke said.
“Our focus continues to be on maintaining quality services, debt reduction, ensuring rate increases are kept at record low levels, and on a continued investment in upgrading community facilities in Boroondara.”
For more information on rate capping, please visit the how your rates are calculated and options for payment pages on the City of Boroondara website.
For further information email Jenny Mina, Communications Business Partner.
Phone: 9278 4420