Rateable Values
The rateable value of non-domestic properties 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 1st April 2005, the rateable value of a property represents its annual open market rental value as at 1st April 2003. The values of all property in respect of which rates are payable to your authority are shown in the local rating list, a copy of which may be inspected at the Valuation Office Agency, Broadwalk House, Southernhay West, Exeter EX1 1TS, telephone 01392 606900, and North Devon District Council, Lynton House, Commercial Road, Barnstaple Devon EX31 1DG or on the Valuation Office Agency website at www.voa.gov.uk.
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.
The Valuation officer may alter the value if the circumstances of the property have changed. The ratepayer (and certain others who have an interest in the property) can also appeal against the value shown in the list if they believe it is wrong. Further information about making appeals can be found on the VOA website or from your local valuation office.
Successful appeals against values shown in the rating list that came into force on 1st April 2005 will normally be backdated to that date, although there are exceptions to this. Further information about these arrangements may be found on the VOA website.
The rateable value of non-domestic properties 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 1st April 2005, the rateable value of a property represents its annual open market rental value as at 1st April 2003. The values of all property in respect of which rates are payable to your authority are shown in the local rating list, a copy of which may be inspected at the Valuation Office Agency, Broadwalk House, Southernhay West, Exeter EX1 1TS, telephone 01392 606900, and North Devon District Council, Lynton House, Commercial Road, Barnstaple Devon EX31 1DG or on the Valuation Office Agency website at www.voa.gov.uk.
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.
The Valuation officer may alter the value if the circumstances of the property have changed. The ratepayer (and certain others who have an interest in the property) can also appeal against the value shown in the list if they believe it is wrong. Further information about making appeals can be found on the VOA website or from your local valuation office.
Successful appeals against values shown in the rating list that came into force on 1st April 2005 will normally be backdated to that date, although there are exceptions to this. Further information about these arrangements may be found on the VOA website.
Information about the circumstances in which a change in a rateable value may be proposed and how such a proposal may be made is available from the valuation office shown above. Further information about the new appeals arrangements may be obtained from North Devon District Council.
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 provide the annual rate bill for a property. It is set annually by the Government and except in a revaluation year cannot, by law, rise by more than the amount of the increase in the retail prices index.
