How your rates are calculated

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How are my rates calculated?

To meet the rate cap of 1.5% for 2021/2022 Council has set a rate in the dollar of 0.4419 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 $0.004419 = $883.80 (excluding waste charges, the municipal charge and the Fire Services Levy). 

 

To find out more about rates, a link to our Understanding Your Rate Notice brochure is available HERE.(PDF, 516KB)

 

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 (2021/2022)

General rate (residential property) – Maryborough

0.4419

General rate (residential property) – other

0.3889

Vacant Land – Maryborough

0.7336

Vacant Land – other

0.6872

Commercial – Maryborough

0.7071

Commercial – other

0.6010

Industrial

0.4861

Farm Land

0.3535

 

Please refer to the Central Goldfields Shire Rating and Revenue Strategy 2021-2025 for more information