Transitional Scheme
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 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 apply to the part of a bill that applies to any increase in rateable value due to those changes.
There is no Transitional Scheme in operation for the 2009/10 financial year.
Transitional Scheme 2010
For 2010/11 the limits are:
Up to Rateable Value £17,999
Increase 5%
Reduction 20%
Rateable Value £18,000 +
Increase 12.5%
Reduction 4.6%
After these limits have been applied, the bill is adjusted by the rate of inflation as at September 2009. This is -1.4%.
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