Hammer Properties recent reduction agreed:
Shop in London, Hammer Properties & the Valuation Office agreed a reduction from £19,250 – £17,500 which was backdated to 1st April 2010. A previous appeal by another agent was dismissed by VT.
Year/Rate | £19,250 | £17,500 | Saving |
2010-11 40.7% | £7,834.75 | £7,122.50 | £712.25 |
2011-12 42.6% | £8,200.50 | £7,455.00 | £745.50 |
2012-13 45.0% | £8,662.50 | £7,875.00 | £787.50 |
2013-14 46.2% | £8,893.50 | £8,085.00 | £808.50 |
2014-15 (average 47.0%) | £9,047.50 | £8,225.00 | £822.50 |
2015-16 (average 48.0%) | £9,240.00 | £8,400.00 | £840.00 |
2016-17 (average 49.0%) | £9,432.50 | £8,575.00 | £857.50 |
TOTAL | £61,311.25 | £55,737.50 | £5,573.75 |
In real terms this means the following saving will apply excluding any transitional relief (*) given by the local authority.
You are able to see this information by the Valuation Office website using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14766154000
(*) What is Transitional Relief? See the following link: https://hammerproperties.wordpress.com/2013/12/04/what-is-transit/
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