Hume valuations fine, rates a horror

Rates anger: Sue Cole will file an objection against her rates hike. Picture: Scott McNaughtonHUME residents are up in arms over their latest rates hike following an average 12 per cent rise in property values across the city.
Nanjing Night Net

A Hume Council report, released last week, details the findings of this year’s valuation and compares it to the previous one in 2010.

A total of 67,734 residential, industrial, commercial and rural properties were valued.

There was a 13.5 per cent rise in residential capital improved value (CIV).

The increase in CIV has influenced the council’s rate hike of 5.4 per cent, which includes 1.3 per cent attributed to the carbon tax and 0.3 per cent to the EPA Victoria landfill levy.

The report shows Fawkner had the highest increase in CIV – 25.7 per cent – jumping to $31 million this year compared with $24 million in 2010.

Craigieburn’s CIV has increased by 11.6 per cent, from $3.8 billion to $4.2 billion.

The lowest CIV was in Roxburgh Park, up 8.7 per cent from $1.8 billion to $2 billion.

Craigieburn Residents Association president Erik Dober said he had received phone calls from worried residents.

“It comes up this time every year; a body of people are genuinely concerned about their rates,” he said. “Craigieburn is supposed to be an affordable area.”

Craigieburn resident Sue Cole said she would file an objection with the council about her current rate bill of $1025 – a 12.7 per cent increase compared with the $909 she paid in 2010.

“We’ve done no renovations and we’ve lived in this house since 1975,” she said.

“A lot of rental properties are new and that kicks us around. I don’t think we’re getting anything for our money. I think we’ve never got a fair share of what should be spent in Craigieburn by council; I feel like we’re the underdogs.”

Council chief executive Domenic Isola said: “As a result of revaluation, the value of some properties will rise, while others will go down, meaning properties with higher market value attract higher rates than those of lesser value.”