Reduction Agreed:
Hammer Properties have successfully reduced the Rateable Value of a Office in Coventry. Hammer Properties agreed a reduction from £8,400 to £8,200 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 | £8,400 | £8,200 | Saving |
2010-11 40.7% | £3,418.80 | £3,337.40 | £81.40 |
2011-12 42.6% | £3,578.40 | £3,493.20 | £85.20 |
2012-13 45.0% | £3,780.00 | £3,690.00 | £90.00 |
2013-14 46.2% | £3,880.80 | £3,788.40 | £92.40 |
2014-15 47.1% | £3,956.40 | £3,862.20 | £94.20 |
2015-16 (average 48.0%) | £4,032.00 | £3,936.00 | £96.00 |
2016-17 (average 49.0%) | £4,116.00 | £4,018.00 | £98.00 |
TOTAL | £26,762.40 | £26,125.20 | £637.20 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14950473000
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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