Under the Victorian Government’s rates system, the Minister for Local Government sets the average rate cap – the maximum percentage a council’s average rates can increase by, each year. A council may apply to the Essential Services Commission for a higher percentage if it believes this percentage is not enough for it to be able to deliver the services and projects it needs to for its community. As part of our financial strategy, Port Phillip Council seeks to manage its costs and revenues to stay within the rates cap.
The Minister for Local Government has capped rates at 1.5 per cent for 2021/22.
However, this does not mean your rates bill will increase by 1.5 per cent. What it does mean is that the total amount of revenue collected through rates will increase by 1.5 per cent. Your rates bill may increase or decrease depending on a number of factors, in particular the change in the value of your property.
For more information, visit Valuations.
Outcomes of rate capping 2021
The Essential Services Commission (ESC) publishes annual reports on the outcomes of rate capping in Victoria to identify any impacts or trends that might be emerging across the local government sector.
The outcomes report provides information about councils' service, infrastructure and financial outcomes following the introduction of rate capping.
Information is available on Port Phillip and its surrounding councils:
- Port Phillip (PDF 161 KB)
- Bayside (PDF 141 KB)
- Glen Eira (PDF 125 KB)
- Stonnington (PDF 138 KB)
- Yarra (PDF 153 KB).
For full details and current information, including facts and figures for all Councils, visit Essential Services Commission.