Rates & other Council fees
Called Brimbank City Council this morning and had a chat with Bernadette who was very helpful.
Basically there is 3 sets of council fees. Rates, environmental and munincipal.
Rates for units and house both use 0.002566 x the total property value. For this development, that would be 0.002566x $1,070,000 which is $2,745. The only way to reduce rates is to reduce the value of the property. Not subdividing will reduce the value but that reduces available equity (I have plans to use this) and the savings would be minimal.
Environmental is for normal and recycled bins and something else I missed. When the development is ready for tenants, you contact environmental services who will come out and do an assessment and see what combination of bins you need. Subdividing makes no difference to this.
Munincial is for council services such as libraries and is also unrelated to subdivision.
So if I understand this properly, not subdividing in this council makes very little difference to annual council fees. Too bad, reducing rates would have been nice.
Anyway, great point, thanks Rockstar
Called Brimbank City Council this morning and had a chat with Bernadette who was very helpful.
Basically there is 3 sets of council fees. Rates, environmental and munincipal.
Rates for units and house both use 0.002566 x the total property value. For this development, that would be 0.002566x $1,070,000 which is $2,745. The only way to reduce rates is to reduce the value of the property. Not subdividing will reduce the value but that reduces available equity (I have plans to use this) and the savings would be minimal.
Environmental is for normal and recycled bins and something else I missed. When the development is ready for tenants, you contact environmental services who will come out and do an assessment and see what combination of bins you need. Subdividing makes no difference to this.
Munincial is for council services such as libraries and is also unrelated to subdivision.
So if I understand this properly, not subdividing in this council makes very little difference to annual council fees. Too bad, reducing rates would have been nice.
Anyway, great point, thanks Rockstar