Three Important Things You Never Knew About The 2017 Revaluation

1. For ratepayers the ability to appeal the 2010 Rating List effectively ends on the 31st March 2017. This means that any Material Change appeals must be in by that day. If your property or the locality has changed in any way please let us know ASAP.
2. Properties within Transitional Relief after the 1st April 2017 are effectively still paying rates based on their 2010 RVs (hence the importance of point 1)
3. The Government have built in a significant margin of error. If we compare the 2010 and 2017 (draft) RVs in aggregate, building in the September 2016 RPI of 2%, the small UBR in England should only be 44.4p in the pound. The Government have projected it to be 46.7p (ie a margin of 5%). This margin only makes sense if the Government drop their “reasonable professional judgement” plans to limit the power of the Valuation Tribunals.