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Understand your rates

Understand how your rates are calculated by property type.

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Property valuations

Rates are calculated by multiplying the Capital Improved Value (CIV) of the property by the relevant rate in the dollar.

The 2023-2024 rates in the dollar are:

  • General Rate - $0.00271882
  • Vacant Land - $0.00339853 
  • Commercial/Industrial A - (Urban Bendigo, Maiden Gully and Strathfieldsaye) $0.00502987
  • Commercial/Industrial B - (Rural areas) $0.00489389 
  • Commercial/Industrial C - (Bendigo city centre) $0.00516577
  • Farm Land - $0.00203912
     

Objecting to your rates

If you disagree with the valuations appearing on your rates notice, you may object within two months of the date of issue on the rate notice.

More details about objecting are on the back of the rate notice and on our property valuations page:

Property valuations

The value of your property is assessed on the same date (January 1) every year by the Valuer-General of Victoria. Understand your rates.

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Charges and levies included in your rates notice

The following are the charges listed in the annual rates statement of a residential property with a CIV of $360,000 in the organic waste collection area.

  • Annual charge: $360,000 @ $0.00271882 cents in the dollar = $978.75
  • Garbage charge 140-litre bin: $213
  • Recycling charge: $113
  • Organics charge: $101
  • Fire Services Property Levy: $125.00 + ($360,000 x 0.00004600) = $141.55
  • The total for the full year is $1,547.30

Note: The annual charge for a 240-litre bin in the organic waste collection area is $390. The annual charge outside the organic waste collection area is $422. 

Rate capping

In the 2016/2017 financial year, the State Government introduced the Fair Go Rates System. The system caps the amount Councils can raise the general rate by in any given year. Councils can apply for a variance to the cap; the City has not applied for a variance to the rate cap since the system was introduced.

The cap does not apply to waste removal charges or the State Government Fire Services Property Levy. Percentage movements in waste collection charges can be found in the annual Budget.

Fair Go Rates and how they're calculated