Reduction Agreed:
Hammer Properties have successfully reduced the Rateable Value of a Shop in Epping Forest. Hammer Properties agreed a reduction from £9,500 to £9,300 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 | £9,500 | £9,300 | Saving |
2010-11 40.7% | £3,866.50 | £3,785.10 | £81.40 |
2011-12 42.6% | £4,047.00 | £3,961.80 | £85.20 |
2012-13 45.0% | £4,275.00 | £4,185.00 | £90.00 |
2013-14 46.2% | £4,389.00 | £4,296.60 | £92.40 |
2014-15 47.1% | £4,474.50 | £4,380.30 | £94.20 |
2015-16 (average 48.0%) | £4,560.00 | £4,464.00 | £96.00 |
2016-17 (average 49.0%) | £4,655.00 | £4,557.00 | £98.00 |
TOTAL | £30,267.00 | £29,629.80 | £637.20 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14943242000
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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