Reduction Agreed:
Hammer Properties have successfully reduced the Rateable Value of a Shop in Birmingham. Hammer Properties agreed a reduction from £13,750 to £13,500 with the Valuation Office. 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 | £13,750 | £13,500 | Saving |
2010-11 40.7% | £5,596.25 | £5,494.50 | £101.75 |
2011-12 42.6% | £5,857.50 | £5,751.00 | £106.50 |
2012-13 45.0% | £6,187.50 | £6,075.00 | £112.50 |
2013-14 46.2% | £6,352.50 | £6,237.00 | £115.50 |
2014-15 47.1% | £6,476.25 | £6,358.50 | £117.75 |
2015-16 (average 48.0%) | £6,600.00 | £6,480.00 | £120.00 |
2016-17 (average 49.0%) | £6,737.50 | £6,615.00 | £122.50 |
TOTAL | £43,807.50 | £43,011.00 | £796.50 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14992993000
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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