The rateable value of non-domestic property is fixed in most
cases by an independent valuation officer of the Valuation Office
Agency. All non-domestic property is revalued every 5 years.
From 1 April 2005, the rateable value of a property represents
it's annual open market rental value as at 1 April 2003.
The values of all property in respect of which rates are payable
to Waveney District Council are shown in the local rating list. A
copy of the list can be inspected at the Valuation Office, St Clare
House, Greyfriars, Ipswich, at main Waveney District Council
offices, and on the Valuation Office website at www.voa.gov.uk
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The valuation officer may alter the value if he believes that
the circumstances of the property have changed. The ratepayer (and
certain others who have an interest in the property) may also in
certain circumstances propose a change in value. If in any case the
ratepayer and the valuation officer do not agree, the matter will
be referred as an appeal to a valuation tribunal.
Appeals made in a financial year will be backdated to no earlier
than the start of that year.
Information about the circumstances in which a change of rateable
value may be proposed and how such a proposal may be made is
available from the valuation office in Ipswich. The address is
shown above.
Further information about the new appeals arrangements may be
obtained by contacting the Local Taxation team, or from
the Department for Communities and Local Government
(DCLG) website at
http://www.communities.gov.uk
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The National Non-Domestic Rating Multiplier
The National Non-Domestic Rating Multiplier is the rate in the
pound by which, outside the City of London where special
arrangements apply, the rateable value is multiplied to produce the
annual rate bill for a property.
It is set annually by the Government and except in valuation
years, cannot, by law, rise by more than the amount of the increase
in the retail prices index.
For more information contact us using the details below:
E-Mail:
brates@waveney.gov.uk
Telephone: 01502 523280
Fax: 01502 523310
Post: Waveney District Council, Revenues and
Benefits, PO Box 96, Lowestoft, NR32 1HW
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