Understand your rates notice

Your rates notice contains important information about the value of your property, and the rates and charges you will need to pay.

Property and valuation information

Term Definition
AVPCC The Australian Valuation Property Classification Code (AVPCC) is a classification system used for valuation purposes. Your property is assigned a code based on how the land is currently being used.
Site Value The Site Value (SV) is the value of your land only, without improvements (such as buildings). 
Capital Improved Value  The Capital Improved Value (CIV) is the assessed market value of your property including both land (Site Value) and all improvements (such as buildings).
Net annual value If your property is classified as residential or primary production, the Net Annual Value (NAV) is 5 per cent of the capital improved value. If your property is classified as non-residential, the NAV is the greater of either:
  • the estimated annual market rental of the property minus all legislated expenses to maintain that property (except council rates), or
  • five per cent of Capital Improved Value.

For more information about how your property is valued, see valuations for rates.

Rates and charges details

Rate or charge Description
Rate

Nillumbik Shire Council calculates your rate amount by multiplying two figures:

  1. your property's Capital Improved Value
  2. a rate in the dollar amount set by Council.

Council sets different rates in the dollar amounts for different types of land. The rate in the dollar amount is calculated by dividing the required rate revenue for Council operations by the total value of all rateable properties of that land type.

The land types and their corresponding rates in the dollar amounts are:

  • general (0.002384)
  • commercial and industrial (0.002765)
  • farm land (0.002026)
  • vacant land (0.003576)
  • cultural and recreational land (0.000930).

The rate in the dollar for your land type is shown on the rates notice.

To find out more about how rates are set, see:
Waste Management Charge This charge is collected by Council to manage waste, including recycling, green waste and landfill. This includes collecting your bins and the landfill levy charged by the State Government.
Fire Services Levy

This is a State Government charge used to fund fire services in Victoria. The levy has two parts - a fixed fee and a variable fee calculated on your property’s Capital Improved Value. Visit the State Revenue Office website for more information about the Fire Services Property Levy.

Note: From 1 July 2025, the Fire Services Property Levy will be replaced by the Emergency Services and Volunteer Fund Levy. Council collects this levy on behalf of the Victorian Government.

Changes to the vacant land rate

From 1 July 2021:

  • The differential rate is now 150% of the general rate (previously 200% of the general rate).
  • The House Construction Rebate no longer applies.
  • Once a building permit for the construction of a dwelling has been lodged with Council, the vacant land rate will cease to be charged and the general rate will apply effective from the date of lodgement.
  • Upon completion of the dwelling, the property will be revalued to include the new dwelling and any other improvements. The general rate will continue to apply.

These changes cannot be backdated.

Contact us

Call

9433 3111

 

Email

nillumbik@nillumbik.vic.gov.au

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