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 ?
'From April 1, 2005 ratepayers have the opportunity to appeal their new Rateable Value Assessments but, once more, the Government has decided to increase the complexity of the appeals regime to the disadvantage of the customer or ratepayer.'
as a result of 2010 revaluation appeals, the rateable value of properties for which appeals have been resolved has been reduced by 265 million.
This has seen the amount he now has to pay per square metre from PS310 to PS290 - cutting the rateable value from PS10,250 to around PS9,600.
Spurs leapfrog arch rivals Arsenal, with a rateable value of PS6.13m, followed by Manchester United, Manchester City and Liverpool, according to official data calculated by rates specialists Altus Group.
The club's 62,062-seater stadium, which has its own micro brewery and cheese room, also has a higher rateable value than Wembley Stadium On Merseyside, Anfield is nearly double the value of Goodison Park, with a rateable value of PS4.4 million compared with PS2.4 million.
"The BID will help the town's businesses build on the great work they already do in the town, helping Brighouse become economically stronger." The BID's income will come from a levy of 1.75% of rateable value on businesses within the BID boundary who have a rateable value of PS2,000 or above.
For the BID to be implemented a majority of businesses were needed to vote in favour by both their number and aggregate of rateable value.
Businesses took part in a vote for the Shirley BID, which actually revealed more votes in favour of the idea -- but taking into account the aggregated rateable value of the votes, it meant the ballot was lost.
However, with an aggregated rateable value of businesses eligible to vote at [pounds sterling]4,983,550, an aggregated rateable value of [pounds sterling]1,906,500 voted in favour, making a total of 38 per cent.
This includes the 2% inflation cap; the Small Business Rate Relief scheme doubled for a further year, providing 100% relief for businesses with a single property with a rateable value of less than GBP6,000, and tapered relief with a rateable value of GBP6,000 - GBP12,000; the business rates discount for shops, pubs, cafes and restaurants with a rateable value of GBP50k or below increased from GBP1,000 to GBP1,500; the cultural test for high-end TV tax relief has been modernised and the minimum UK expenditure requirement for all TV tax reliefs has reduced from 25% to 10%; a new tax relief on the production of children's television has been introduced; and the amount of banks' annual profit that can be offset by carried forward losses has been restricted to 50%.