Reduction Agreed:
Shop in Mid Devon, Hammer Properties managed to get the Valuation Office to agree a reduction from £8,300 to £7,300. In real terms this means the following saving will apply excluding any transitional relief (*) or Small Business Rates Relief (*) given by the local authority.
Year/Rate | £8,300 | £7,300 | Saving |
2010-11 40.7% | £3,378.10 | £2,971.10 | £407.00 |
2011-12 42.6% | £3,535.80 | £3,109.80 | £426.00 |
2012-13 45.0% | £3,735.00 | £3,285.00 | £450.00 |
2013-14 46.2% | £3,834.60 | £3,372.60 | £462.00 |
2014-15 (average 47.0%) | £3,901.00 | £3,431.00 | £470.00 |
2015-16 (average 48.0%) | £3,984.00 | £3,504.00 | £480.00 |
2016-17 (average 49.0%) | £4,067.00 | £3,577.00 | £490.00 |
TOTAL | £26,435.50 | £23,250.50 | £3,185.00 |
You can view this information on the VOA website by using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14935291000
Want to see what we could do for you? Contact us using the following links:
Blog: https://hammerproperties.wordpress.com/contact-us/
Website: http://www.hammerproperties.co.uk/
Facebook: https://www.facebook.com/HammerPropertiesIlford
(*) What is Transitional Relief? See the following link: https://hammerproperties.wordpress.com/2013/12/04/what-is-transit/
(*) What is Small Business Rates Relief? See the following link: https://www.gov.uk/apply-for-business-rate-relief/small-business-rate-relief
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