How is my rate bill calculated?
What is Transitional Relief?What is Transitional Relief?
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Property values
can change a great deal between each revaluation so transitional arrangements help to phase in the effects of these changes
on ratepayers' bills.
To help pay for the limits on increases in bills after a revaluation, there also have to be limits
on reductions in bills.
Under the transitional relief scheme, limits can continue to apply to yearly increases
and decreases for all five years between revaluations or until the notional chargeable amount is due (rateable value times
the multiplier).
In the case of increases , transitional limits apply if, in any financial year,
the amount you would have to pay (based on your rateable value times the multiplier) is higher than the previous year's bill
(based on the amount due on 31st March) by more than the amounts shown below.
| Year | "Small" Property | "Large" Property |
|---|---|---|
| (rateable value of less than £15,000) | (all others) | |
2005/06 | 5% | 12.5% |
2006/07 | 7.5% | 17.5% |
2007/08 | 10% | 20% |
2008/09 | 15% | 25% |
2009/10 | N/A | N/A |
Remember,
after these limits have been applied to your bill, the amount you pay will still increase in line with the rate of inflation.
In the case of decreases , transitional limits apply if, in any financial year, the amount you
would have to pay (based on your rateable value times the multiplier) is lower than the previous year's bill (based on the
amount due on 31st March) by more than the amounts shown below. .
| Year | "Small" Property | "Large" Property |
|---|---|---|
| (rateable value of less than £15,000) | (all others) | |
2005/06 | 30% | 12.5% |
2006/07 | 30% | 12.5% |
2007/08 | 35% | 14% |
2008/09 | 60% | 25% |
2009/10 | N/A | N/A |
Remember, after these limits have been applied to your bill, the amount you pay will still increase in line with the rate
of inflation.
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