Quizzes & Puzzles4 mins ago
Ratable Value
8 Answers
On the Martin Lewis show the other day, there was information on how to check the rateable value of a domestic
property.
I have forgotten the information
Anyone know how and can provide a link please ?
property.
I have forgotten the information
Anyone know how and can provide a link please ?
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.Rateable values only apply to business premises, with this link being the one needed for England & Wales:
https:/ /www.go v.uk/fi nd-busi ness-ra tes
For domestic premises, it's the Council Tax band that's what matters, with this being the relevant link for England & Wales:
https:/ /www.go v.uk/co uncil-t ax-band s
Rateable values are assessed based upon the annual rent that a property could receive on the open market at a fixed date. Council Tax bands are assessed on the value of a property on 1 April 1991 in England or on 1 April 2003 in Wales. (If the property didn't exist at the relevant date, the assessor has to pretend that it did and then calculate a theoretical value for it, based upon the values of other properties in that area at the time).
https:/
For domestic premises, it's the Council Tax band that's what matters, with this being the relevant link for England & Wales:
https:/
Rateable values are assessed based upon the annual rent that a property could receive on the open market at a fixed date. Council Tax bands are assessed on the value of a property on 1 April 1991 in England or on 1 April 2003 in Wales. (If the property didn't exist at the relevant date, the assessor has to pretend that it did and then calculate a theoretical value for it, based upon the values of other properties in that area at the time).
Scroll down to 'Rateable value' here
https:/ /www.of wat.gov .uk/hou seholds /your-w ater-bi ll/unme tered/
The (old) rateable value for a non-metered property will be shown on the water bill. For the property in this image, it's £190:
https:/ /www.so uth-sta ffs-wat er.co.u k/media /3936/m icrosof tteams- image-8 6.png
https:/
The (old) rateable value for a non-metered property will be shown on the water bill. For the property in this image, it's £190:
https:/
"The Valuation Office no longer changes rateable values. They cannot be changed by water companies and cannot be appealed by the customer. So any home improvements to a property since 1990 aren't considered. In cases where the rateable value is clearly invalid, for example, if a property is redeveloped and split into flats, the only alternative way to charge is to fit a water meter."
https:/ /www.un iteduti lities. com/my- account /your-b ill/rat eable-v alue-ex plained /
https:/
Thanks
I was curious to know why the two similar properties only a few streets between them had a different rateable value .
It seems that ofwat can't answer the question from what's on the link
''We have no specific details about how properties were assessed and cannot tell you why similar properties have a different rateable value.''
However is there a way of checking that the figure appearing on the bill is at least quoted correctly - Is there somewhere you can check ?
I was curious to know why the two similar properties only a few streets between them had a different rateable value .
It seems that ofwat can't answer the question from what's on the link
''We have no specific details about how properties were assessed and cannot tell you why similar properties have a different rateable value.''
However is there a way of checking that the figure appearing on the bill is at least quoted correctly - Is there somewhere you can check ?
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