Agreed today:
Marina in Norwich, our case worker James Berlin after many weeks of being tenacious managed to get the Valuation Office to agree a reduction from £15,000 – £12,750. In real terms this means the following saving will apply excluding any transitional relief (*) given by the local authority.
Year/Rate | £15,000 | £12,750 | Saving |
2010-11 40.7% | £6,105.00 | £5,189.25 | £915.75 |
2011-12 42.6% | £6,390.00 | £5,431.50 | £958.50 |
2012-13 45.0% | £6,750.00 | £5,737.50 | £1,012.50 |
2013-14 46.2% | £6,930.00 | £5,890.50 | £1,039.50 |
2014-15 (average 47.0%) | £7,050.00 | £5,992.50 | £1,057.50 |
2015-16 (average 48.0%) | £7,200.00 | £6,120.00 | £1,080.00 |
2016-17 (average 49.0%) | £7,350.00 | £6,247.50 | £1,102.50 |
TOTAL | £47,775.00 | £40,608.75 | £7,166.25 |
This has only been agreed today so has not yet been listed on the Valuation Office website. We will keep you posted when it is updated.
(*) What is Transitional Relief? See the following link: https://hammerproperties.wordpress.com/2013/12/04/what-is-transit/
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