Rates shock fol­lows prop­erty reval­u­a­tions

Warragul & Drouin Gazette - - NEWS -

Rate no­tices were emailed or posted to ratepay­ers across the shire last week but some peo­ple’s rates rose sig­nif­i­cantly more than ex­pected be­cause of prop­erty reval­u­a­tions.

Coun­cil adopted its bud­get in June, hand­ing down a two per cent rate rise on ratepay­ers.

How­ever, some ratepay­ers have re­ceived rate no­tices re­flect­ing greater than two per cent in­creases fol­low­ing a reval­u­a­tion of prop­er­ties in Jan­uary this year.

Graeme Lacey has lived on his Al­lam­bee Es­tate Rd prop­erty for 50 years.

He de­scribes his 39-hectare prop­erty as “hill coun­try” and ad­mits it is a life­style prop­erty that is not el­i­gi­ble for the farm rate.

But, when he re­ceived his rate no­tice last week, he was shocked to see the cap­i­tal im­proved value (CIV) of his prop­erty had in­creased more than $300,000 from $280,000 to $608,000.

At 0.3857 cents in the dol­lar CIV, this has seen Mr Lacey’s an­nual rate bill al­most dou­ble from $1249 to $2337.

“It is a mas­sive in­crease on the value when the prop­erty in to­tal hasn’t im­proved at all,” he said.

Mr Lacey said he could not ex­plain the mas­sive CIV in­crease or the in­creased site value which jumped 155 per cent as a re­sult of the reval­u­a­tion.

He said there had been no sig­nif­i­cant real es­tate sales in his area and no ma­jor im­prove­ments to his prop­erty.

He said there were four farms and two life­style prop­er­ties in his sur­round­ing area.

Mr Lacey con­tacted the shire and said he would lodge an ob­jec­tion to the reval­u­a­tion with a re­quest that his prop­erty value be re­viewed.

Coun­cil is re­quired to con­duct a reval­u­a­tion of prop­er­ties ev­ery two years.

The 2018 reval­u­a­tion in­di­cated the cap­i­tal im­proved value of prop­er­ties across all rat­ing cat­e­gories in­creased 21.8 per cent this year.

The 2018 gen­eral val­u­a­tion saw 11,055 prop­er­ties in­spected in­clud­ing all 1533 com­mer­cial and in­dus­trial prop­er­ties.

The big­gest change in prop­erty val­ues was in the com­mer­cial and in­dus­trial cat­e­gory, with prop­er­ties in­creas­ing 31.5 per cent in value.

Farm prop­er­ties in­creased 25.7 per cent in value to $2.7 bil­lion.

The CIV value of res­i­den­tial prop­er­ties in­creased 19.7 per cent.

A re­port to coun­cil said the reval­u­a­tions in­volved an ex­ter­nal in­spec­tion of each prop­erty to col­lect or con­firm data re­quir­ing assess­ment.

All val­u­a­tions were re­viewed tak­ing into ac­count the lat­est mar­ket ev­i­dence for each type of prop­erty.

Act­ing chief ex­ec­u­tive of­fi­cer Mark Dupe said rates provided an im­por­tant source of rev­enue help­ing to re­source and de­liver over 100 valu­able ser­vices to the com­mu­nity as well as cap­i­tal works and im­prove­ments.

“Rates no­tices con­tain a lot of in­for­ma­tion, most of which is re­quired by law. The news­let­ter ac­com­pa­ny­ing each no­tice helps to break­down some of this in­for­ma­tion in­clud­ing val­u­a­tions, how rates are cal­cu­lated, pay­ment meth­ods, con­ces­sions and re­bates, as well as pos­si­ble pay­ment as­sis­tance for res­i­dents suf­fer­ing gen­uine fi­nan­cial hard­ship,” Mr Dupe said.

About 1500 ratepay­ers have signed up to re­ceive rates via email, or eNo­tices. These ratepay­ers would have re­ceived rate no­tices last week.

Mr Dupe strongly en­cour­aged ratepay­ers to say good­bye to un­nec­es­sary pa­per print­ing and sign up for eNo­tices.

“eNo­tices are a re­ally handy way to re­ceive and man­age rates no­tices. They ar­rive in­stantly to your email in­box where you can eas­ily ac­cess and store your no­tice for fu­ture ref­er­ence. It’s bet­ter for our en­vi­ron­ment and saves on de­liv­ery fees. Sign­ing up is quick and easy, visit baw­baw­shire.eno­tices.com.au and follow the four sim­ple steps,” Mr Dupe said.

Rates have been is­sued in ac­cor­dance with the state govern­ment’s 2.25 per cent rate cap. The rate cap ap­plies to the over­all rate rev­enue col­lected by coun­cil, it does not ap­ply to in­di­vid­ual prop­er­ties.

Ratepay­ers who pay their rates in full by Septem­ber 30 will be el­i­gi­ble to go into the draw to win the early bird in­cen­tive of $1000.

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