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How we calculate your rates

Each year, we calculate your rates to fund construction, maintenance and services in our community.

To work out how much your rates will be, we:

  1. multiply the value of your property by the 'rate in the dollar' that we need to fund community projects and services
  2. add the cost of any waste services you receive
  3. add the fire levy
  4. subtract any concessions you are eligible for

Know Your Council has more information about how all councils in Victoria calculate rates.

Example of the calculation of a rate

  • We determine the Capital Improved Value (CIV) of your house to be $400,000.
  • We determine the 'rate in the dollar' to be 0.002163676.
  • We multiply $400,000 by 0.002163676 for a base rates amount of $865.47.
  • We add the cost of any waste services you receive and the fire levy.
  • We subtract any concessions you are eligible for.

Valuations and objections

Valuations are determined as part of the annual general valuation process by the Valuer-General. Since the 2023 general valuation, Valuer-General Victoria is responsible for determining valuations for all 79 councils in the state.

The valuation of your property is based on: 

  • market changes in your area
  • recent, comparative sales
  • location and land size
  • building value (size, age, quality and condition of your property)
  • any other improvements and extensions to your property

Please note, the valuations are for rating purposes and may be different from a bank or real estate market valuation.

If you object to a valuation

If you disagree with the valuation of your property, you can:

Valuation objections must be lodged within 2 months of receiving your rates notice. Before submitting an objection online, we encourage you to discuss with your valuer at Council.

A member of our rates and valuations team can:

  • explain in more detail how we valued your property
  • hear and understand your objections
  • advise you what further steps you may be able to take

How we work out the rate in the dollar

We work out the rate in the dollar by:

  • calculating the total amount of rate revenue we require to deliver all our programs and services
  • dividing this amount by the total value of the properties in Casey

This figure is determined via our budget process and changes every year.

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