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How is my bill calculated?

Rateable Value

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 five years. From 1 April 2017, the rateable value of a property represents its annual open market rental value as at 1 April 2015.

The values of all properties in respect of which rates are payable are shown in the Local Rating List, which can be viewed on online at the Valuation Office Agency.

A copy may be inspected at:

        Welwyn Hatfield Borough Council
        Council Offices
        The Campus
        Welwyn Garden City, Herts
        AL8 6AE
        Tel: 01707 357000
or
        St Albans Valuation Office,
        St Peter's House
        45 Victoria Street
        St Albans, Herts
        AL1 3WZ
        Tel: 03000 501 501

National non-domestic rating multiplier

We work out your bill by multiplying the rateable value of your property by a figure known as the rate multiplier. There are two multipliers; the standard non-domestic rating multiplier and the small business non-domestic rating multiplier. The former is higher in order to pay for the small business rate relief. The multipliers are set each year by the Government.

The current multiplier will be displayed on the on the front of your Non-Domestic Rate Bill.

The multiplier set by the Government for each financial year since 1 April 2010  is shown in the table below:

 

 

Financial YearNational Non Domestic MultiplierSmall Business Rates Scheme Multiplier
2010/2011        0.414          0.407
2011/2012        0.433          0.426
2012/2013        0.458          0.450
2013/2014        0.471          0.462
2014/2015        0.482          0.471
2015/2016        0.493          0.480
2016/2017        0.497          0.484
2017/2018        0.479          0.466

 

 

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