|PRESTON TAIT - 2000 RE-VALUATION
We are equipped to handle rating appeals of Commercial and Industrial Property
throughout the entire U.K., covering both the Scottish system and the system
in England and Wales.
We will handle the whole process from intimating appeal to an appearance
before the Local Valuation Committee/Court and Lands Tribunal if necessary.
Click HERE to proceed.
This years revaluation is designed
to keep the Valuation Roll or Valuation List (England and Wales)
updated for inflation. The revaluation is carried out every
The majority of commercial
properties are allotted a rateable value.
The rateable value of non domestic properties shall be taken to be the
amount equal to the rent at which it is estimated the property might be
expected to let from year to year if the tenant undertook to pay all usual
rates and taxes and to bear the cost of repairs and insurance necessary
to maintain the property in a state to command that rent and as if negotiated
on 1st April 1998 for the 2000 revaluation.
Most properties are therefore valued by a rate per square foot. For shops
the rate will be highest in the front shop. For factories and warehouses
the rate will be even throughout. Rates will vary according to construction,
age , and size.
UNIFORM BUSINESS RATE
To help counteract the rise
in rateable values the rate in the pound is to be dropped from
48.9 pence per pound to 41.6 pence in England, 45.8 pence in
Scotland and 41.2 pence in Wales.