Housing: Valuation

Communities and Local Government written question – answered on 15th October 2008.

Alert me about debates like this

Photo of Jacqui Lait Jacqui Lait Shadow Minister, Communities and Local Government

To ask the Secretary of State for Communities and Local Government whether the internal refurbishment of a property, where the physical refurbishment affects the notional rent that the property would attract, should routinely lead to the carrying out of revised valuation by the Valuation Office Agency prior to the 2010 business rates revaluation.

Photo of John Healey John Healey Minister of State (Department of Communities and Local Government) (Local Government)

The Valuation Officer has a statutory duty to maintain a correct rating list. When he/she becomes aware that an internal physical refurbishment of a property has increased its rateable value, under the statutory definition, he/she is obliged to alter the current rating list accordingly. The rateable value must have regard to the market conditions at the antecedent valuation date (1 April 2003 for the current rating lists), and will take effect from the completion of the works.

A refurbishment which addresses disrepair may not warrant an increase in the rateable value since the statutory definition already assumes a reasonable state of repair.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.