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FAQs

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 enforcement agent 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. The most recent revaluation is 1 April 2017. The rateable value of a property represents its annual open market rental value as at 1 April 2015. The next revaluation will be in 2022.

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 Valuation Office Agency

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 Valuation Office Agency. More information regarding appeals is available on the Valuation Office Agency website.


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