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Anyone Contested Their Rate Bill and Succeeded?

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Comments

  • There's a "Request application" button under the listing for each property. So you need to find your home on the list and then complete an application form to request a revaluation.
  • SMW87
    SMW87 Posts: 94 Forumite
    Is it done remotely or does somebody come round and survey your house? Is it based on square metres and postcode and if so are neighbours impacted by readjustments too then?
  • Cotta
    Cotta Posts: 3,667 Forumite
    Tansy_1980 wrote: »
    There's a "Request application" button under the listing for each property. So you need to find your home on the list and then complete an application form to request a revaluation.

    Where on this site is this? I've had a look but can't even get into the general vicinity?
  • suki1964
    suki1964 Posts: 14,313 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cotta wrote: »
    Where on this site is this? I've had a look but can't even get into the general vicinity?


    https://lpsni.gov.uk/vlistdcv/search.asp?submit=form
  • Cotta
    Cotta Posts: 3,667 Forumite
    suki1964 wrote: »

    Interesting, that site values the property at £80k more than I paid for it just a few years ago, in addition to this the my neighbours houses are all valued a less - the closest being £25k less.
  • suki1964
    suki1964 Posts: 14,313 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cotta wrote: »
    Interesting, that site values the property at £80k more than I paid for it just a few years ago, in addition to this the my neighbours houses are all valued a less - the closest being £25k less.


    Of course it does, valuations were done in 2005, start of the boom

    My house is valued for more then it's worth today

    When looking at neighbours, are the houses identical? As in same floor space, same outside buildings, same amount of bathrooms and land use?

    My nearest neighbours house is valued at half of mine yet his house is bigger, he has more land and has numerous outbuildings. His is valued as farm, even though it's no longer farmland
  • qwert_yuiop
    qwert_yuiop Posts: 3,617 Forumite
    Part of the Furniture 1,000 Posts
    edited 26 January 2017 at 1:41PM
    Yes indeed - the 2005 valuation is only a means of comparing houses. They could just have easily scored your house with a certain number of apples. Prices paid since and today's valuations are irrelevant, unless you need to know what somebody thought your house was worth around 11 years ago.

    Any more word on when the rates cap is going? Probably everything is delayed following the recent heated (arf) activity.

    I'd say these elections might result in mr brokenshire as the new king of stormont castle.
    “What means that trump?” Timon of Athens by William Shakespeare
  • marathonic
    marathonic Posts: 1,786 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 26 January 2017 at 1:41PM
    I think a lot of people get confused with these valuations. The value of your house today doesn't make a blind bit of difference. It's also pointless comparing against your old house and what you paid above its selling price for your new house.

    As mentioned above, you need to compare your valuation to similar houses on your street.

    In fact, I believe that, even if you buy a new build house today, the rateable value will not be the selling price of the house - it will be the valuation they come up with based on that house, in that location, if it had existed there in 2005.

    Rateable value is only used to work out rates for everyone in Northern Ireland. If they re-rated everyone to a lower value in 2017 when compared to 2016 due to prices dropping 10% this year, they'd just increase the pence per pound cost of rates versus rateable value for everyone meaning that everyone would pay the same as they did before the re-valuation..

    The councils have a budget and the rateable value is just their fair way of distributing the cost among the residents.
  • qwert_yuiop
    qwert_yuiop Posts: 3,617 Forumite
    Part of the Furniture 1,000 Posts
    marathonic wrote: »
    The councils have a budget and the rateable value is just their fair way of distributing the cost among the residents.

    .....or would be, were there not a cap on rates.
    “What means that trump?” Timon of Athens by William Shakespeare
  • waltsalt
    waltsalt Posts: 271 Forumite
    Out of interest, why do you feel there shouldn't be a cap? People in expensive houses don't necessarily use more council resources or facilities. And just because someone has a high value house it doesn't necessarily mean they can afford a limitless rates bill.
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