You need to pay your rates by the due date shown on the annual rate notice or be charged penalty interest.
If you're 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 plan ahead, do not leave it to the due date. Interest will start to accrue for any rates outstanding after the due date.
Ratepayers affected by COVID-19
For those experiencing financial hardship as a direct result of COVID-19, Yarra has introduced a Community and Economic Support Package to create flexibility for both commercial and residential ratepayers.
Payment arrangements can be tailored to suit each rate payer individually and their situation.
COVID-19 information hub
For more information about changes to our services, events and programs, as well as advice on physical distancing and self-care, visit our COVID-19 information hub.
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.
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.