MORNINGTON Peninsula Shire councillors have voted to hand residents of retirement villages across the peninsula a 20 percent rebate on their general rates for the 2025/26 financial year. The decision comes after an assessment by Valuer-General Victoria’s (VGV) contract valuers led to increased Capital Improved Values (CIV) for retirement village units across the peninsula. Further, a historical bulk discount to the CIV of these units was removed by the shire following VGV advice, leading to substantially higher rates for retirement village residents. The motion presented to councillors recommended a 10 percent rebate on general rates for retirement village units for…
Wednesday, July 30
