Offices are valued on a rentals basis; what the property would let for at the antecedent valuation date (AVD). The AVD for the 2017 Rating List is 1 April 2015. The Valuation puts similar properties…

Generally industrial property is valued on a rental basis; the rent that the property would let for at a certain point in time. For the 2017 Rating List the valuation date is the 1 April 2015. The…

Appeal: A formal challenge made to the Valuation Tribunal against the decision of the Valuation Office Agency. Assessment: An entry in the Rating List. Antecedent Valuation Date (AVD): The date set…

Business rates are a local tax paid by the occupiers of all non-domestic or business property, in the same way that council tax is a tax on domestic property. Business rates are charged on most…

A Supreme Court decision which overturned a policy which had been in existence since the 1950’s regarding the process used to calculate business rates payable on multiple properties occupied by the…

Ratepayers should be aware that where alterations are being made to a property, it does not necessarily mean that the rateable value of the property will be removed or even reduced. The distinction…