City of Melbourne Annual Report 2015-16


Revenue Note 3. Rates and charges



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Revenue

Note 3. Rates and charges

Council uses ‘net annual value’ as the basis of valuation of all properties within the municipal district. The net annual value of a property approximates the annual net rental for a commercial property and five per cent of the capital improved value for a residential property.

The valuation base used to calculate general rates for 2015-16 was $5.443 million (2014-15 $5.206 million).



Item

Consolidated

2016

$’000

Consolidated

2015

$’000

Council

2016

$’000

Council

2015

$’000

Residential

84,064

73,521

84,064

73,521

Non-residential

160,661

152,737

160,917


153,002

Cultural & recreational

411

397

411

397

Supplementary rates and rate adjustments

(1,703)

4,264

(1,703)

4,264

Total

243,433

230,919

243,689

231,184




Item

Valuation base

2016

$’000

Valuation base

2015

$’000


Rate in $

2016

Rate in $

2015

Residential

2,004,927

1,827,534

4.193

4.047

Non-residential

3,384,160

3,324,224

4.755 

4.590

Cultural & recreational

54,656

54,656

N/A 

N/A

Total

5,443,743

5,206,414

 N/A

N/A

The date of the latest general valuation of land for rating purposes within the municipal district was 1 January 2014 and the valuation first applied to the rating period commencing 1 July 2014. The valuation for rating purposes is performed on a two year cycle.

Note 4. Statutory fees and fines


Item

Consolidated

2016

$’000

Consolidated

2015

$’000

Council

2016

$’000

Council

2015

$’000

Infringements and costs

N/A

N/A

N/A

N/A

Parking fines

41,573

42,316

41,573

42,316

General fines

1,501


1,499

1,501

1,499

Town planning fees

2,447

3,558

2,447

3,558

Land Information Certificates

193

182

193

182

Permits

1,603

1,310

1,603

1,310

Food and Health Act registration

3,011

2,909

3,011

2,909


Total

50,328

51,774

50,328

51,774


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