Columns
10 years on Image

10 years on

March 2009, Issue 40
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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

The Summer Campaign
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Docklander Image

Docklander

Mona’s enjoying her upside down life
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Docklands Secrets Image

Docklands Secrets

Politician disrespects us
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Fashion Image

Fashion

Top five street style trends
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Health and Wellbeing Image

Health and Wellbeing

Flexibility, mobility and wellbeing
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Letters Image

Letters

Well done Sam
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New Businesses Image

New Businesses

70 years later, family business still suits
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Owners Corporation Law Image

Owners Corporation Law

Boom, boom, bust and out -
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Pets Corner Image

Pets Corner

She’s the boss, and I like it!
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SkyPad Living Image

SkyPad Living

Energy vulnerable vertical villages?
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Street Art Image

Street Art

Goodbye from Blender Studios
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We Live Here Image

We Live Here

Cladding, short-stays and rooming
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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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