What happens if the rates bill is not
paid?
Who assesses the rateable value?
Where is the Local Rating List available for
inspection?
Does the Valuation Officer alter the rateable
value?
What are the circumstances under which the rateable
value may be proposed?
What happens if the rates bill is not paid?
You will be sent at least one further notice to give you an
opportunity to bring your instalment arrangement up to date. If you
fail to keep to the arrangement the whole year's rates will be
become due and payable. Failure to pay the outstanding sum,
including any arrears, will result in court proceedings being
instituted to obtain a liability order. The liability order gives
the City of London various recovery remedies to recover the rates
and costs including instructing a bailiff to collect the
outstanding amount.
Who assesses the 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. The rateable value of a property represents its annual open
market rental value as at 1 April 2003.
Where is the local rating list
available for inspection?
The values of all properties in which rates are payable to the
Common Council are shown in the local rating list, a copy of which
may be inspected at the offices or on the website of the District Valuer and
Valuation Officer.
Does the Valuation Officer alter
the rateable value?
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 the value. If the
ratepayer and the valuation officer do not agree, the matter will
be referred as an appeal to a valuation tribunal.
What are the circumstances under
which the rateable value may be proposed?
Information about the circumstances in which a change in rateable
value may be proposed and how such a proposal may be made is
available from The District Valuer and Valuation Officer.
More information regarding appeals is available on the
Valuation Office Agency website.