How your rates are calculated

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How are my rates calculated?

To meet the rate cap of 3.5% for 2023–2024 Council has set a rate in the dollar of 0.3040 cents for general rate properties.

This figure is then multiplied by the Capital Improved Value (CIV) of each property to determine how much the property owner will pay.

An example of the general rates calculation for a residential property in Maryborough with a valuation of $300,000 would be: $300,000 × $0.003040 = $912.00 (excluding waste charges, the municipal charge and the Fire Services Property Levy) 

To find out more about rates, read our Understanding Your Rate Notice brochure.(PDF, 3MB)

 

What are differential rates?

The Shire has eight differential rates as shown in the table below: 

Rate type

Cents in the dollar (2022/2023)

Residential rate - Maryborough 

0.3040

Residential rate - other

0.2675

Vacant Land – Maryborough

0.3692

Commercial – Maryborough

0.4863

Commercial – other

0.4134

Industrial

0.3343

Farm Land

0.2189

 

Please refer to the Central Goldfields Shire Rating and Revenue Strategy 2021-2025 for more information

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