Reduction Agreed:
Hammer Properties have successfully reduced the Rateable Value of a Workshop in Sandwell. Hammer Properties agreed a reduction from £7,300 to £6,900 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 | £7,300 | £6,900 | Saving |
2010-11 40.7% | £2,971.10 | £2,808.30 | £162.80 |
2011-12 42.6% | £3,109.80 | £2,939.40 | £170.40 |
2012-13 45.0% | £3,285.00 | £3,105.00 | £180.00 |
2013-14 46.2% | £3,372.60 | £3,187.80 | £184.80 |
2014-15 47.1% | £3,438.30 | £3,249.90 | £188.40 |
2015-16 (average 48.0%) | £3,504.00 | £3,312.00 | £192.00 |
2016-17 (average 49.0%) | £3,577.00 | £3,381.00 | £196.00 |
TOTAL | £23,257.80 | £21,983.40 | £1,274.40 |
You can view this reduction using the following link:
Want to see what we could do for you? Contact us using the following links: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14993331000
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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