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10 years on Image

10 years on

Issue 11 – February/March 2005
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Away from the desk Image

Away from the desk

The little bent tree
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Chamber update Image

Chamber update

Join us for Bollywood action
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Councillor Profile Image

Councillor Profile

The making of a Lord Mayor
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Docklands Secrets Image

Docklands Secrets

Docklands is not sinking
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Fashion Image

Fashion

Rewind to 1980
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Good News Bill

A journey through the past of Docklands
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Health and Wellbeing Image

Health and Wellbeing

Regular yoga practise makes sense
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Letters Image

Letters

Letters to the editor - Mar 17
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New Businesses Image

New Businesses

So much more than a gym
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Owners Corporation Law Image

Owners Corporation Law

Matters to consider before buying “off the plan”
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Pets Corner Image

Pets Corner

Michelle’s perfect pups
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SkyPad Living

3D printing vertical villages
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We Live Here Image

We Live Here

Parliamentary inquiry into short-stays
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What Women Want - With Abby Crawford Image

What Women Want - With Abby Crawford

Dig deep - it’ll be worth it
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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.”

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