Domestic rates in Northern Ireland
Taxation in the United Kingdom |
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Local Government |
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Domestic rates are the local government taxation in Northern Ireland. Rates are a tax on property. Domestic rates consist of two components, the Regional rate set by the Northern Ireland Assembly and the District rate set by local councils. Rate levels are set annually. Valuation and rating of property is handled by Land and Property Services. Domestic rates are unique to Northern Ireland, in the rest of the United Kingdom the local taxation is Council Tax.
Valuation
Land and Property Services is the authority responsible for registering and valuing property. The domestic rates are based on the capital value of the residential property on 1 January 2005.[1] This is in contrast to non-domestic rates on businesses which are based on rental value.
District rate
The District rate is set by local authorities, the 26 district councils. It is for services such as refuse collections and disposal, leisure, parks and street cleaning.
District rates in 2013/2014 range from 0.00608 set by Castlereagh Borough Council to 0.008055 set by Derry City Council.[2] The mean average of the 26 rates set by district councils is 0.00726.
Regional rate
The Regional rate is set by the Northern Ireland Assembly. It is used for services such as education, health and roads.
References
- ↑ http://www.nidirect.gov.uk/a-guide-to-rates-2013.pdf
- ↑ "Domestic rate poundages 2013 to 2014". nidirect. Retrieved 2014-01-02.
External links
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