Transitional Relief - General Revaluation Scheme

1 April 2024

Amount of Relief

In the 2024-25 financial year the General Revaluation Transitional Relief scheme limits the increases in the gross rates payable as follows:

• 25% for properties with a rateable value at revaluation on 1 April 2023 up to £20,000;
• 50% for properties with a rateable value at revaluation on 1 April 2023 from £20,001 to £100,000;
• 75% for properties with a rateable value at revaluation on 1 April 2023 over £100,000.

1 April 2023

A General Revaluation Transitional Relief is available for all property types.  It caps gross bill increases at a specified percentage increase, dependent on a property’s 1 April 2023 rateable value.

Qualification

A property will receive General Revaluation Transitional Relief if:

• it was an entry with a rateable value of more than zero on the Valuation Roll on 31 March 2023; and
• it was an entry with a rateable value of more than zero on the Valuation Roll on 1 April 2023.

Exclusion

A property will be excluded from receiving General Revaluation Transitional Relief if:

• it had a zero rateable value at 31 March 2023;
• it had a zero rateable value at 1 April 2023;
• it is subject after 1 April 2023 to a merger, split or reorganisation of its Valuation Roll entry.

Amount of Relief

The General Revaluation Transitional Relief scheme limits the increases in the gross rates payable in 2023-24 as follows:

• 12.5% for properties with a rateable value at revaluation on 1 April 2023 up to £20,000;
• 25% for properties with a rateable value at revaluation on 1 April 2023 from £20,001 to £100,000;
• 37.5% for properties with a rateable value at revaluation on 1 April 2023 over £100,000.

Application

It is envisaged that ratepayers will not have to apply for an award of relief under the terms of this relief scheme.  Any relief award will be deducted from the rates bill prior to issue.

Worked Relief Example

Qualification

Property rateable value at 31 March 2023 is £20,000
Gross rates bill for 2022-23 of £9,960 (£20,000 x 49.8p)

Property rateable value at 1 April 2023 is £30,000
Gross rates bill for 2023-24 of £14,940 (£30,000 x 49.8p)
The Revaluation Transitional Relief limit to be applied is 25.0% (Medium property, with a rateable value at 1 April 2023-24 between £20,001 and £100,000)
The gross bill increase is £4,980 (which is a 50% increase)

Since the increase exceeds the applicable 25% limit, the limit applies.  This limits the increase to £2,490 (£9,960 x 25% = £2,490) reducing the amount of rates payable in 2023-24 after Revaluation Transitional Relief to £12,450 (£9,960 + £2,490).

Non-Qualification

Property rateable value at 31 March 2023 is £19,000
Gross rates bill for 2022-23 of £9,462 (£19,000 x 49.8p)

Property rateable value at 1 April 2023 is £22,000
Gross rates bill for 2023-24 of £10,956 (£22,000 x 49.8p)
The Revaluation Transitional Relief limit to be applied is 25.0% (Medium property, with an rateable value at 1 April 2023-24 between £20,001 and £100,000)
The gross bill increase is £1,494 (which is a 15.8% increase)

Since the increase does not exceed the applicable 25% limit, there is no entitlement to Revaluation Transitional Relief.