Columns
10 years on Image

10 years on

Issue 22, October – November 2007
Read more >>

Away from the desk Image

Away from the desk

The little bent tree
Read more >>

Chamber update Image

Chamber update

Harbour Town is rebranding
Read more >>

Councillor Profile Image

Councillor Profile

The making of a Lord Mayor
Read more >>

Docklander Image

Docklander

Melbourne’s history through costumes
Read more >>

Docklands Secrets Image

Docklands Secrets

Politician disrespects us
Read more >>

Fashion Image

Fashion

Top five street style trends
Read more >>

Good News Bill Image

Good News Bill

A journey through the past of Docklands
Read more >>

Health and Wellbeing Image

Health and Wellbeing

Laughter, the key to working together
Read more >>

Letters Image

Letters

Begging to differ
Read more >>

New Businesses Image

New Businesses

Morgan Brooks & Tolhurst Druce Emerson
Read more >>

Owners Corporation Law Image

Owners Corporation Law

Not all liability policies are created equal
Read more >>

Pets Corner Image

Pets Corner

The very social Axl
Read more >>

SkyPad Living Image

SkyPad Living

Activating vertical villages
Read more >>

We Live Here Image

We Live Here

Short-stays behind property price pain
Read more >>

Council rating windfall

28 Feb 2017

The City of Melbourne is to collect an extra $2.3 million in rates from the Port of Melbourne following a revaluation of the port.

Last year’s revaluation nearly doubled the port’s net annual value (NAV) from $69.1 million to $128.2 million.

Last year the port won a Supreme Court case which reportedly cost the Victoria Government up to $9 million per year in land tax.

But, while the State Revenue Office is dealing with an 80 per cent drop in revenue, the council has managed a substantial windfall.

A spokesperson said: “Earlier this year, the City of Melbourne completed its 2016 biennial revaluation of the Port of Melbourne.”

“The rental and capital valuations of the port have increased, and this has led to a rise in the rates charged.”

Share on Facebook

Stay in touch with Docklands. Subscribe to FREE monthly e-Newspaper.

You must be registered with Docklands News to be able to post comments.
To register, please click here.

Docklands is Beautiful