You need to pay your rates by the due date shown on the annual rate notice or be charged penalty interest.
Penalty interest for overdue payments
You will be charged a penalty interest on any outstanding rates owed. These charges will continue until full payment of the outstanding amount plus any interest is made.
You will be charged penalty interest at the rate of 10% per annum. The interest rate is fixed by the State Government under Section 2 of the Penalty Interest Rates Act 1983. Failure to pay can result in possible legal action.
Overdue rates and charges
Under Section 181 of the Local Government Act 1989, we have the power to dispose of property (sell your property) where:
- there are rates (including enforcement costs and interest) which are more than three years overdue.
- there is no current arrangement for the payment of the overdue rates.
- there is a Court order requiring the payment or part-payment of the overdue rates.
If you are experiencing financial hardship that prevents you paying your rates by the due date, you should contact us as soon as possible to discuss an alternative payment arrangement.
Please call Yarra City Council on 9205 5555 or email firstname.lastname@example.org
Please plan ahead, do not leave it to the due date. Interest will start to accrue for any rates outstanding after the due date.