The CIV of your property is determined by independent valuers and is revalued every year.
To calculate your rates, we take the revalued CIV of your property, and use the ‘rate in the dollar’ of the relevant rating differential.
For example, the calculation for a residential property worth $767,919 would be:
| Capital Improved Value | $767,919 |
| Rate in dollar | 0.00210278 |
| $767,919 x 0.00210278= | $1,614.76 |
| Add Waste Service Charge | $509.55 |
| Total rates and charges | $2,124.31 |
For details of your property's valuation and how your rates are calculated please refer to the rate notice.