MORNINGTON Peninsula Shire councillors have approved changes to its rates system including a discounted rate for retirement villages and a revised two-tier waste service charge. From the 2026–2027 financial year, retirement villages will be charged at 80 per cent of the general rate, providing an average reduction of about $181 per year for 2514 properties. The council said the differential rate recognised that retirement village residents contributed to village-provided infrastructure and services, generating comparatively lower demand on council facilities, and ensured a fairer allocation of rates across property types. Councillors supported the proposal in a 6-4 vote at their 17…
Browsing: retirement villages
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…