14 June 2006 Changes to Rating in Northern Ireland
Finance Minister, David Hanson, has highlighted the recent publication of a new leaflet telling householders in Northern Ireland about major changes to the domestic rates system.
These changes include the first revaluation of all homes here for 30 years and a move to using capital values, rather than current rental values, to calculate rates bills from April 2007. From this date the capital valuation will also be used to calculate water charges.
The leaflet, which is published by the Valuation and Lands Agency, is currently being delivered to all homes in Northern Ireland.
Emphasising his commitment to making sure householders are given clear information about these important issues, the Minister explained that this is just the start of a carefully planned programme of communication with the public about these changes.
Minister Hanson said:
“From April 2007 rates bills will be calculated using capital valuations. This new leaflet explains why the system is changing and how capital valuations are arrived at. It also tells householders that during July and August they will receive the actual valuation for their home, along with details on how to have this reviewed if they disagree with the figure.
“Householders need do nothing now, we are simply ensuring people are aware that we are introducing a new system that will be fairer and easier to understand.”
