Reduction Agreed:
Hammer Properties have successfully reduced the Rateable Value of a Office in Rotherham. Hammer Properties agreed a reduction from £6,900 to £6,800 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 | £6,900 | £6,800 | Saving |
2010-11 40.7% | £2,808.30 | £2,767.60 | £40.70 |
2011-12 42.6% | £2,939.40 | £2,896.80 | £42.60 |
2012-13 45.0% | £3,105.00 | £3,060.00 | £45.00 |
2013-14 46.2% | £3,187.80 | £3,141.60 | £46.20 |
2014-15 47.1% | £3,249.90 | £3,202.80 | £47.10 |
2015-16 (average 48.0%) | £3,312.00 | £3,264.00 | £48.00 |
2016-17 (average 49.0%) | £3,381.00 | £3,332.00 | £49.00 |
TOTAL | £21,983.40 | £21,664.80 | £318.60 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14947328000
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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