Residents in the outskirts of the municipality will be most affected by the latest round of rates notices following recent property valuations conducted by the City of Greater Bendigo.
Properties in Goornong (13 per cent), Elmore (11.4 per cent) and Axedale (8.46 per cent) have jumped in value as have their residential rates, according to data from the COGB.
Bendigo East, Kennington and Spring Gully property values have gone up by seven per cent, on average, while central Bendigo prices have jumped 20 per cent since 2014.
The COGB calculates the capital improved value (CIV) of properties in order to establish who pays what amount under the existing rate cap of 2.25 per cent set by the state government.
Read more: Valuation changes to cost council millions
The council set a rate in the dollar of 0.00404932 for general rate properties, which is then multiplied by the CIV value of a property to establish a rate bill.
A resident in Maiden Gully for example will pay $1853 in rates, while a Long Gully resident, based on current valuations, will fork out roughly $974.
Residents in central Bendigo will pay an average of $1752 in rates this year, while Strathfieldsaye ratepayers will be slugged around $1800, on average, this year.
Property values in Eaglehawk have dropped, on average, 7.9 per cent, meaning rate bills for property owners in the suburb will be cheaper, on average, than in 2016.
Overall, residential property values have gone up 4.7 per cent, on average, which rises to 5.56 per cent when commercial or industrial land is included.
The average rates notice from the COGB, based on the average house price of $321,719, is $1302. This figure does not include bin collection charges or the Fire Services Levy.
Read more: Rate cap impacts democracy: Council
According to the data, the average value of vacant urban residential land increased from $213,000 to $226,000, or six per cent, while 246 properties in the region were valued at more than one million dollars.
From July 1, property valuations will be done by the Victorian Valuer General each year, instead of biennially by the council.
The COGB protested the changes last year, arguing it could cost the council $2 million a year in additional expenses and lost revenue.
The state government introduced an indefinite rate cap in December 2015, which it said was in response to uncontrollable rate rises from local governments.
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