Rates charge

The basis of the Non-Domestic Rates charge is the "net annual value" placed on the property by the Assessor.  The Assessor operates independently of the Council.   This Rateable Value in very broad terms is an estimate of the Rent at which the property might reasonably be expected to be let from year to year.

From 1 April, 1995, the Government introduced a Business Rate (BR) payable in respect of Non-Domestic properties in the UK.

The Rateable Value is multiplied by the BR to produce the rates payable.

The BR for 2007/2008 is 44.1p for all rateable values.

The BR for 2008/2009 is 45.8p for all rateable values.  

Please note properties with a rateable value of greater than £29,000 will pay a 0.4p supplement to cover the cost of the Small Business Bonus Scheme for 2008/2009.