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Awarded Date From. The rate cap only applies to general rates and municipal charges.

These charges will increase or decrease based on the cost of providing the service. In addition to this, local government is required to collect the Fire Services Property Levy on behalf of the State Government via council rate notices. A rate Cap means that the total rate revenue generated by council will only increase by the Cap. However, the allocation of rates throughout the municipality will depend on how property values change.

Therefore, some properties may experience a rate increase of over the Cap, whilst others may experience a rate increase of less than the Cap.. The cap applies to the average annual increase of rates and charges. The rates and charges for your property may have increased or decreased by a different percentage amount for the following reasons—.

All property valuations will now be undertaken annually by the Valuer-General Victoria. Data on every property is recorded and used by the Rural City of Wangaratta valuer with sales, rentals and other information to determine the valuations. The revaluation is an assessment of all properties and their value. It will not in itself raise the total income Council receives from rates, as the charges will be re-distributed based on the changes in each property's value.

As a result of the revaluation, some will pay more in rates; some will pay less, depending on the new value of their property. The purpose of regular property revaluation is to maintain market relativity between properties so that rates can be equitably distributed.

A property tax based on valuation reflects both a measure of the benefit of services to each property and the capacity of that property to bear the burden of sharing the community costs represented by the tax. To determine the value of the property, the valuer must have a thorough knowledge of sales, rentals and statutory considerations i.

Councils are required to be notified of sales of all properties and information on rentals and expenses is obtained from owners and tenants. A valuer has statutory powers to enter onto any property "at any reasonable time" and may request any information which will assist to make a true and correct valuation. In some cases internal property inspections may be necessary to provide sufficient information to ensure accurate valuations.

Supplementary valuations are made during the rating year when there is a significant change to the valuation. The most common causes for supplementary valuations are construction of a new dwelling or building, subdivision of a property or consolidation of properties. As a result of the supplementary valuation a supplementary rate notice will be issued to reflect any change in the rates. As a ratepayer, it is important for you to consider the valuation on your rate notice and assess whether it reflects its true market value. Ratepayers have the right under Section 16 of the Valuation of Land Act to object to the valuation applied to their property, but must do so within specific timeframes.

On July 1, the Victorian Government replaced the fire services levy with a fairer system, as recommended by the Victorian Bushfires Royal Commission.

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Rather than contributing through insurance premiums, a property-based levy is be collected with council rates. Council collects this levy on behalf of the State Government. Click here for more information on this levy. You can apply for an exemption if you own or occupy multiple parcels of farm land which are used for a single farm enterprise SFE , as defined in the Fire Services Property Levy Act S.

It is the responsibility of the applicant that an SFE application be lodged with each Council where SFE lands are located, and Council is notified when new properties are to be included as part of an existing SFE. SFE Application Form.