Ratable Value

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Ratable Value

The value of real estate as estimated by the rent the owner could charge a tenant on a year's lease. The ratable value assumes the property is vacant when the real estate is sold.
References in periodicals archive ?
The latest revaluation period came into effect on April 1, 2010, with rateable values based on a valuation date of April 1, 2008.
However, the fact is that smaller businesses, ostensibly those that have a rateable value of less than PS6,000, remain exempt from payment of business rates.
A rateable value is calculated for all non-domestic properties in the UK every five years.
The property has been changed and should be reflected in the rateable value
Andrew Sholl, of Sky TV, said: "We introduced the new rateable value system last year because, overall, it's fairer to our 30,000 business clients.
Plaid Cymru has pledged to scrap business rates for all enterprises with a rateable value of under PS10,000 relief with those between PS10,000 and PS15,000 also seeing their bills reduced.
An increase in rateable value by 20 per cent ($69 billion in June 2009 to $83 billion in June 2013).
Welsh Conservatives have long called for 100% business rate relief for businesses with a rateable value of up to PS12,000 and relief tapered from 100% to 0% for those with a rateable value of up to PS15,000.
Wilkinson said that as a result of the structural flaws in the business rates regime, Lambert Smith Hampton propose the following five point plan for reform: An early revaluation to properly reflect the economic decline of many sectors and locations since the last valuation date of 2008 The abolition of empty rates to encourage reinvestment An exemption of small buildings with a rateable value of less than PS20,000 to be replaced by a nominal annual charge.
Under the current rating appeal legislation it would be possible to lodge an appeal against an April 1, 2010, rateable value up until March 31, 2015.
The BID replaces the Liverpool Commercial District Partnership (LCDP), which Mr Rice also led, after it gained 60% of votes cast - 173 out of 289 - and 70% of the aggregate rateable value of those voting.