Reduction Agreed:
Hammer Properties have successfully reduced the Rateable Value of a Shop in Coventry. Hammer Properties agreed a reduction from £24,000 to £22,500 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 | £24,000 | £22,500 | Saving |
| 2010-11 41.4% | £9,936.00 | £9,315.00 | £621.00 |
| 2011-12 43.3% | £10,392.00 | £9,742.50 | £649.50 |
| 2012-13 45.8% | £10,992.00 | £10,305.00 | £687.00 |
| 2013-14 47.1% | £11,304.00 | £10,597.50 | £706.50 |
| 2014-15 48.2% | £11,568.00 | £10,845.00 | £723.00 |
| 2015-16 (average 49.0%) | £11,760.00 | £11,025.00 | £735.00 |
| 2016-17 (average 50.0%) | £12,000.00 | £11,250.00 | £750.00 |
| TOTAL | £77,952.00 | £73,080.00 | £4,872.00 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14948290000
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
Hammer Properties 
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