Valuation for RatingValuation Lists
Domestic PropertiesIn April 2007 changes took place to the domestic rating system in Northern Ireland. Rates are now assessed on the capital value of the property as of 1 April 2005. If you think that your valuation is too high, you can find out what to do by following the link below: Non Domestic PropertiesNon domestic property in Northern Ireland is assessed on the basis of its rental value (known as the net annual value or NAV). The current valuation list for non domestic properties became operative on 1 April 2003 and is based on rental values as at 1 April 2001. Each non domestic property has been valued in line with comparable properties in the vicinity. Some non domestic properties require specialist assessment to reflect their particular characteristics eg. schools, licensed premises, petrol filling stations, sporting facilities. The valuation of such properties involves the application of specialised methods of assessment, which may involve examination of the property's receipts and expenditure, or its estimated replacement costs. Please use the link below to check the NAV of your non-domestic property on the valuation list. |
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