How do I calculate my rates bill?
Rates calculator
To calculate your rates bill, use the rates calculator on the Land and Property Services website.Your bill is calculated using three pieces of information:
- capital value of your home
- district rate - set by councils
- regional rate - set by central government.
Domestic rate bill for householders
The domestic rate bill is calculated as follows:(Capital Value of your property) X (Domestic District Rate + Domestic Regional Rate) = Amount to be paid
Business rate bill
The business rate bill is calculated as follows:(Net Annual Valuation of business premises) X (Non-Domestic District Rate + Non-Domestic Regional Rate) = Amount to be paid
Capital value
The capital value of your home is based on the amount the property could reasonably have sold for on 1 January 2005.If you would like more information about the capital value of your property please visit www.mycapitalvalueni.gov.uk
