07 Jun Metropolitan Planning Levy
Recently I was discussing the common Council Contributions that apply to multiple dwelling applications. One fee that also applies to some development applications is the Metropolitan Planning Levy. This fee is a little different to the others as it is required to be paid to the State Government. It is also required to be paid before an application can be lodged.
The Metropolitan Planning Levy is payable for developments with a development cost that meets the set threshold. Each year on the 1st July the threshold amount increases by CPI. The current threshold is $1,029,000 and it is set to increase to $1,052,000 from the 1st July. The rate of the levy is $1.30 for every $1000 of the estimated cost of the development.
This fee is only required for applications within Metropolitan Melbourne. The levy was introduced a couple of years ago in order to fund the Victorian Planning Authority. This authority is responsible for the long-term strategic growth and planning of Melbourne. You can find out more about the Levy and pay it here.