Non-domestic Rates: Valuation

Communities and Local Government written question – answered on 10th February 2010.

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Photo of Stewart Jackson Stewart Jackson Shadow Minister (Communities and Local Government)

To ask the Secretary of State for Communities and Local Government pursuant to the answer to the hon. Member for Bromley and Chislehurst of 5 January 2010, Official Report, column 238W, on non-domestic rates, what the (a) postcode and (b) percentage change in rateable values was of each of the 50 individual hereditaments.

Photo of Barbara Follett Barbara Follett Minister of State (the East of England), Regional Affairs, Parliamentary Under-Secretary of State (the East of England), Department for Communities and Local Government

The following table gives the 50 hereditaments in the South East, with their post codes, which showed, as at 29 May 2009, the largest percentage increase in rateable value between the compilation of the 2005 and the 2010 Ratings List. It also shows the percentage change in each hereditament's bill between 2005 and 2010 after transitional relief has been applied, but before other reliefs.

The figures in the table are based on those in the Department's 2009 consultation document entitled: "The Transitional Arrangements for the Non-Domestic Rating Revaluation 2010 in England". A copy of this can be found at:

http://www.voa.gov.uk/publications/statistical_releases/VOA_Statistics_Release_Final.pdf

Rank Percentage change in rateable value Percentage change in bill as a result of revaluation after transitional relief( 1) Postcode
1 (2)- 3.5 RH17 6EB
2 (2)- 3.5 ME15 6JX
3 (2)- 3.5 KT18 6DY
4 4,567 3.5 CT5 2AW
5 2,600 3.5 SO31 8GD
6 2,471 3.5 PO18 8TH
7 2,025 3.5 MK17 9LR
8 1,708 3.5 ME20 7TP
9 1,650 3.5 PO36 0NY
10 1,633 3.5 ME13 7TS
11 1,614 3.5 PO20 7HZ
12 1,333 3.5 OX3 0BX
13 1,275 3.5 GL7 3QS
14 1,267 3.5 SO22 6AA
15 1,158 11 RG1 4QA
16 1,100 11 TN22 1UN
17 1,054 3.5 CR3 5DQ
18 1,041 11 BN22 7LD
19 1,040 3.5 SO51 8BU
20 1,023 3.5 TN5 1PT
21 963 11 KT15 1NN
22 900 3.5 CT15 5AF
23 900 3.5 PO22 9NQ
24 900 3.5 TN32 5NY
25 858 3.5 PO37 6BN
26 833 3.5 SP10 5DD
27 800 3.5 CT7 0HW
28 792 11 RG4 5AU
29 785 11 BN2 5UZ
30 775 3.5 SO41 8AN
31 744 3.5 TN29 9JH
32 742 11 SL1 5NL
33 717 3.5 RG17 7DR
34 714 11 BN10 7ET
35 714 11 SL1 3HS
36 690 11 TN37 7RD
37 690 11 RH6 0HJ
38 688 3.5 CT9 4LB
39 681 11 PO35 5SZ
40 650 3.5 OX26 2GN
41 650 3.5 PO20 7HY
42 643 11 PO6 1RU
43 638 11 TN11 9PE
44 633 3.5 TN26 2PZ
45 633 3.5 BN15 8ES
46 633 3.5 BN15 8ES
47 633 3.5 BN15 8ES
48 633 3.5 BN15 8ES
49 633 3.5 BN15 8ES
50 633 3.5 BN15 8ES
(1) The percentage change in rate bills will not be the same as the, percentage change in rateable value. The Government's £2 billion relief scheme will cap increases in 2010-11 rate bills as a result of revaluation at no more than 11 per cent. and just 3.5 per cent. for small hereditaments.

(2) These three hereditaments had zero rateable value in the 2005 Rating Lists.

The table includes mainly one-off cases where there are specific factual reasons for changes in rateable value well outside of the norm. In some cases the publication of draft valuations has brought forward new information and valuations-either 2005, 2010 or both-have been amended accordingly. Otherwise reasons for change relate to the unique circumstances of individual valuations; examples include removal of temporary reductions in rateable value or changes in domestic elements.

The five-yearly business rates revaluations make sure each business pays its fair contribution and no more by ensuring that the share of the national rates bill paid by any one business reflects changes over time in the value of its property relative to others. The 2010 revaluation will not raise a single extra penny for Government.

Over a million properties will see their business rate liabilities come down as a result of revaluation. The Government have put in place a £2 billion relief scheme to limit the impact on the minority with bill increases, which in 2010-11 will ensure no business property sees its rates bill increase by more than 11 per cent. as a result of the revaluation, with maximum increases capped at just 3.5 per cent. for small properties. That is on top of the wider support available to help ease business pressures including discounted rate bills for small businesses and deferring tax payments.

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