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How we calculate your rates

Each year, when preparing our annual budget, we calculate the total rates revenue required to fund construction, sport and recreation, parks, roads, maintenance, and community services. The amount is capped by the Minister for Local Government, limiting the increase in councils' total revenue from general rates and municipal charges.

The total rates revenue required is divided by the combined value of all rateable properties in the City of Casey. The resulting figure is referred to as the rate in the dollar.

We then multiply the rate in the dollar by the market value or capital-improved value of a customer’s property to determine the amount of general rate we apply to that property.

General rates calculation

Additional charges

Waste charges and the Emergency Services & Volunteers Fund (ESVF) levy are added to the general rates to determine the annual rates amount for each property. 

We will also subtract any concessions that may apply.

Your annual rates calculated

Example calculation

  • We determine the 'market value' of a property to be $400,000.
  • We determine the 'rate in the dollar' to be 0.0021537786.
  • We multiply $400,000 by 0.0021537786 to get a 'general rate' of $861.51.
  • We add the additional charges and subtract any applicable concessions.

Object to a valuation

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 that these valuations are for rating purposes and may differ from a bank or real estate market valuation.

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

What your rates pay for

 

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