Property values can change between each revaluation. Transitional arrangements help to phase in the effects of these changes by limiting the amount by which a bill may rise following a revaluation.
To help pay for limits on increases in bills after a revaluation, there also have to be limits on reductions in bills. Under the transition scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value times the multiplier).
There are limits to how much your rates can increase or decrease.
| Rate increase limits | |||
|---|---|---|---|
| Year | Small property (RV below £20,000:below £28,000 in London) | Medium property (RV £20,001-£100,000 | Large property (RV above £100,000 |
| 2017-18 | 5% | 12.5% | 42% |
| 2018-19 | 7.5% | 17.5% | 32% |
| 2019-20 | 10% | 20% | 49% |
| 2020-21 | 15% | 25% | 16% |
| 2021-22 | 15% | 25% | 6% |
| Rate decrease limits | |||
|---|---|---|---|
| Year | Small property (RV below £20,000:below £28,000 in London) | Medium property (RV £20,001-£100,000 | Large property (RV above £100,000 |
| 2017-18 | 20% | 10% | 4.1% |
| 2018-19 | 30% | 15% | 4.6% |
| 2019-20 | 35% | 20% | 5.9% |
| 2020-21 | 55% | 25% | 5.8% |
| 2021-22 | 55% | 25% | 4.8% |
The Council will automatically calculate any transitional relief, there is no need to apply for it.
Last Updated on Monday, July 13, 2020