What does rateable value mean and why are my charges based on it?
Frequently Asked QuestionsThe rateable value is an assessment of the annual rental value of a property made by the Local Authority in 1973 and updated in 1990. It is based on a number of factors including the size of your property, its general condition, and the availability of local services. In 1999 the Water Industry Act gave water companies the right to use rateable values to calculate bills for properties without a water meter, built before 1st April 1990.
What is the rateable value and how can I find out what mine is?
FAQsAll business properties have a rateable value, which is determined by the Valuation Office Agency. The Valuation Office Agency (VOA) is an executive agency of the Inland Revenue (IR) with 80 offices spread throughout England, Wales and Scotland. The office that deals with the Bournemouth area is at Holland House, Oxford Road, Bournemouth BH8 8EF Tel (01202) 702000. It draws up and monitors a full list of all rateable values which are available on their website at www.voa.gov.uk . See similar questions...
How does the rateable value relate to my rates bill?
FAQs, Commercial Property Advisors and Consultants Aitchison...The local authority will calculate your rates bill by multiplying the rateable value by the Uniform Business Rate. In the rate year 2006/2007 the UBR in England is 0.444p (this figure excludes small business rates relief). The rates payable may be different from this basis due to the application of transitional relief. This is a system which phases large changes in rates liability between one rating list and the next, minimising the impact of the revaluation. See similar questions...
Why do we use rateable value to calculate unmetered charges?
Essex & Suffolk Water -Unless you have a meter and pay metered charges, your water charges will be based on the rateable value (RV) of your property. RV used to be used by councils to calculate their charges but it was abolished for council use on 1 April 1990 and no further properties were given rateable values after this date. All new properties are now fitted with water meters and customers living in these properties pay metered charges. See similar questions...
What does the Commission mean by "limited distance- based charges?
CCB Public Notice DA 97-1932Support will be provided for applicable distance-based charges only for the distance between the rural health care provider and the point on the jurisdictional boundary of the nearest large city in the state with a population of 50,000 or more that is the most distant from the health care provider's location. See similar questions...
How do I find out about the rateable value of a property?
Business RatesEither contact the Council Business Rates or Valuation Officer Valuation Office Agency - Rating List on the Internet You should contact The Business Rates section as soon as possible. We will try to arrange an alternative payment scheme to spread payments over an extended period. This may still require the issue of a Summons with additional costs to safeguard the Council's position. See similar questions...
How can I appeal against my rateable value?
FAQsAll business properties have a rateable value, which is determined by the Valuation Office Agency (VOA) and are available on their website at www.voa.gov.uk The Valuation Officer may change the rateable value of a property if he feels that circumstances have changed since the last valuation. The business ratepayer (and other parties who have an interest in a specific property) may also propose changes to the assessment. See similar questions...
What happens if my rateable value changes?
FAQsIf the Valuation Office Agency (VOA) amends your rateable value, they will notify you of the change in writing. We will recalculate your bill and work out the new amount you have to pay. If your bill is subject to transitional arrangements you may find that a change in the rateable value of your property following an appeal makes no difference to the amount you pay. See similar questions...
Can I challenge my rateable value?
FAQs, Commercial Property Advisors and Consultants Aitchison...Rate payers have a right to challenge their own assessments. However, the valuation of a property for rating purposes is complex and requires an understanding of the principles of property valuation as well as knowledge of statute and case law. See similar questions...
How often is my rateable value reassessed ?
AVJBThe Assessor currently carries out a general revaluation of all properties every five years. The last revaluation was effective from 01/04/2005. See similar questions...
How do you arrive at my rateable value ?
AVJBThe Assessor has a statutory right to collect information from owners and occupiers relating to property values such as building costs, sale prices, rents etc. This information is analysed by his professional staff who set the values based on this information. See similar questions...
What can I do if I think my rateable value is too high ?
AVJBIf you think your rateable value is too high, firstly contact the Assessors department and speak to a member of his staff, if you are still unhappy you may appeal against the rateable value. The Assessor does not charge any fee. If after your discussion with a member of his staff you are still dissatisfied and you wish to pursue the matter you can continue to act on your own behalf or, if you wish, employ a professional agent. See similar questions...
How can I find out the rateable value of a business property?
East Devon Council - Business Rates FAQsIf you want to check your own or any other rateable values in the East Devon area, or in other parts of the country, you can find the information on the Valuation Office Agency’s website at www.voa.gov.uk. See similar questions...
What does the term fair value mean?
Valuing Intangible Assets - Frequently Asked QuestionsFor financial reporting purposes, all business combinations should be accounted for in the same way that other asset acquisitions are accounted for - based on the values exchanged. The definition of fair value as stated in SFAS No. 141 is: The amount at which an asset (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale. See similar questions...
What does ‘faith-based’ mean?
Frequently Asked QuestionsCareerLink Network is considered ‘faith-based’ because until recently we held our sessions in church facilities, said a prayer at the beginning of the sessions and based the topics using our core values - F.A.I.T.H. - and our God-given talents to support and facilitate this group. (Sessions are currently suspended.) There is no specific denomination associated with this group. We don't care what faith you are, or even if you don't have one.. See similar questions...
What does "Value Priced! No Discounts Apply" mean?
FAQOur everyday low price on these items is so low that we cannot discount them further, so no promotions apply to these items. See similar questions...
How would I find out the rateable value of the property and rates payable?
FAQs, Commercial Property Advisors and Consultants Aitchison...This can either be done via your local Valuation Office or District Council or by logging onto the Valuation Office web site at www.voa.gov.uk. Service charges usually arise where there are shared communal areas not under the control of a single tenant and upkeep of these areas is then organised by the landlord and billed back to the tenant. This can typically be for parking/landscaping of a scheme or upkeep of stairways, reception and structure in a multi-occupied building. See similar questions...
What does "loan to value" mean?
First Mortgage of Indiana, Home Loans and Home Mortgages for...Loan to value (LTV) is the loan amount divided by the lesser of the sales price or appraised value. For example, if you are paying 15% of the total cost of the home as a down payment, you would only be borrowing 85% of the total sales price from the lender. Therefore you LTV would be 85%. See similar questions...
Explore Other Topics
What is the purpose of the HIPAA Security and Electronic Signature standards?What does cupping do? What does it mean when the cups leave marks?
When should I prune my tree?
Do you sell carbon fiber plates?
Why can't I open attachments in Outlook Express?
What is the difference between ADSL and ADSL2+?
Is it healthy to eat tea leaves?
Starting out, how often should I do yoga?
Are burial vaults required by law?
Can I use MusEdit to create chord charts - say, just chords with lyrics below them?
I have a fiberglass stock with aluminum bedding block. Should I have it bedded?
In what ways are chimpanzees endangered?
