Under state government legislation, councils are required to revalue properties every two years. The purpose of the revaluation is to update the Council’s measure of how much your property is worth. The value at January 2012 will be used as a basis to determine rates. The value of your property is listed on your rates notice as capital improved value (CIV). The residential rate in the dollar this year is set at 0.2428 cents. Multiplying these two figures will give you your rates charge.
There is a separate amount listed for waste. Adding this amount to your rates charge gives the total amount payable.