Transitional Arrangements
Property values normally change a good deal 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 the limits on increases in bills
after a revaluation, there also have to be limits on reductions in
bills.
Under the current transition scheme, limits
continue to apply to yearly increases and decreases until the full
amount is due (rateable value times the multiplier).
The scheme applies only to the bill based on a
property at the time of the revaluation. If there are any changes
to the property after the revaluation date, transitional
arrangements will not normally apply to the part of the bill that
applies to any increase in rateable value due to those
changes.
Any transitional arrangements will be shown on the
front of your bill.
If you have any questions about the scheme, please contact
us.
