Rates notice glossary

Rates notices contain a lot of information.

We've created a glossary of terms used in your notice to make understanding and paying your rates easier.

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Amount overdue

Any overdue payment will be listed.

Overdue payments accrue 10% interest per annum.

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Instalment

Council will issue instalment notices at least 14 days before each instalment is due.

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Capital Improved Value (CIV)

The valuation on which your rates are calculated.

It is the total market value of the land plus buildings and improvements.

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Rates cap

Only Council charges are subject to the 1.75% rates cap.

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Fire Services Property Levy (FSPL)

A property based levy from the Victorian Government collected and transferred to the Victorian Government.

For more information visit www.sro.vic.gov.au or call 13 21 61.

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Waste charges

Your contribution towards the cost to collect and process general waste and recyclables from your household.

This also factors in the EPA landfill levy, environmental management costs, and the cost to maintain and operate Maldon and Castlemaine waste transfer stations.

Your waste charge is linked to the volume capacity of your general waste bin (red lidded wheelie bin) which is either small (80 litre capacity) or large (140 litre capacity). Our Check my bin size page provides details on how you can check your wheelie bin to confirm which bin size you have.       

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Pension concession

Eligible pensioners and veterans receive a government rebate.

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Australian Valuation Property – Classification Code (AVPCC)

Allocated to each property according to the use of the land, which determines the rating code.

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FSPL classification

The Fire Service Property Levy category allocated to your property, dependent on the AVPCC (see above).

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Differential rating code

The property type on which your rates  are calculated.

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Quick links

Paying your rates
What your rates pay for
How rates are calculated
Rates information
Rates objections and queries
Change your address or details
Hardship and assistance