A 50% reduction for child care businesses and day nurseries with a rateable
value up to pounds 12,000, reducing their bill by between pounds 466 and pounds 2,796.
Also the VOA can now issue fines of pounds 100 for the non-return of the rent return forms - and increase the rateable
value of the property.
Colliers found that some stores on Mostyn Street in Llandudno could see rateable
values almost halved, with an average reduction of around 20%.
The draft 2017 list, for instance, will be published in the autumn of this year, giving businesses an opportunity to check factual errors and enabling them to factor any increases in rateable
values into annual budgets.
values are subject to a review every five years.
Lists of properties' rateable
values are compiled every five years, based on fixed valuation dates, with the most recent List completed in 2010.
The basic level of rateable
value usually remains fixed for a five-year period.
far long' From next year, councils will be able to keep any increase in rates revenue from higher total rateable
values in their area.
But the Government's Valuation Office Agency (VOA), which sets rateable
values for businesses, contacted the cafe owner last week to offer a cut in his pounds 12,250 valuation to pounds 11,000.
Nicola, who opened the firm in October 2009, appealed the decision to the Valuation Office Agency and as a result they decreased the property's rateable
value by about pounds 3,000.
This situation has led to a rise in companies offering to reassess businesses' rateable
value, with a view to appealing for a reduction.
1p to offset a re-evaluation which has seen rateable
values rise by 13.