How your rates are calculated

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Financial hardship

Council understands that the COVID-19 pandemic has caused particular hardship to some individuals and businesses.

Council offers specific COVID support if you will have difficulty paying your rates.

Please contact our rates team to discuss options available to you. To find out more visit: www.centralgoldfields.vic.gov.au/council-financial-support-measures

 

How are my rates calculated?

To meet the rate cap of 2.0% for 2020/2021 Central Goldfields Shire Council has set a rate in the dollar of 0.4727 cents for general rate properties.

This figure is then multiplied by the Capital Improved Value (CIV) of each property to determine how much the property owner will pay.

An example of the general rates calculation for a residential property in Maryborough with a valuation of $200,000 would be:

$200,000 x $0.004727 = $945.40 (excluding waste charges, the municipal charge and the Fire Services Levy). 

The Understanding Your Rate Notice brochure is also available here(PDF, 2MB)

VIDEO: Municipal Association Victoria have released a short video to explain how rate capping works and how rates are calculated. You can watch the video here. 

Still have questions? You can download Frequently Asked Questions here(PDF, 616KB)

 

What are differential rates?

Central Goldfields Shire Council levies a General Rate and eight differential rates as shown in the table below:

Rate type

Cents in the dollar (2020/2021)

General rate (residential property) – Maryborough

0.4727

General rate (residential property) – other

0.4160

Vacant Land – Maryborough

0.8509

Vacant Land – other

0.7091

Commercial – Maryborough

0.7563

Commercial – other

0.6429

Industrial

0.5200

Farm Land

0.3782