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Transitional relief 2017 Scheme

Property values can change a great deal between each revaluation so transitional arrangements help to phase in the effects of these changes on ratepayers' bills.

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 transitional relief scheme, limits can continue to apply to yearly increases and decreases for all five years between revaluations or until the notional chargeable amount is due (rateable value times the multiplier).
In the case of increases, transitional limits apply if, in any financial year, the amount you would have to pay (based on your rateable value times the multiplier) is higher than the previous year's bill (based on the amount due on 31 March) by more than the amounts shown below.

If this is the case your bill will be decreased by these amounts
Year "Small" Property "Medium" Property "Large" Property
  (rateable value of £20,000 or less) (rateable value £20,001 - £99,999) (rateable value £10,000 plus)
2017/18 5% 12.5% 42%
2018/19 7.5% 17.5% 32%
2019/20 10% 20% 49%
2020/21 15% 25% 16%
2021/22 15% 25% 6%

Remember, after these limits have been applied to your bill, the amount you pay will still increase in line with the rate of inflation.
In the case of decreases, transitional limits apply if, in any financial year, the amount you would have to pay (based on your rateable value times the multiplier) is lower than the previous year's bill (based on the amount due on 31 March) by more than the amounts shown below.

If this is the case your bill will be increased by these amounts
Year "Small" Property "Medium" Property "Large" Property
  (rateable value of £20,000 or less) (rateable value £20,001 - £99,999) (rateable value £10,000 plus)
2017/18 20% 10% 4.1%
2018/19 30% 15% 4.6%
2019/20 35% 20% 5.9%
2020/21 55% 25% 5.8%
2021/22 55% 25% 4.8%

 

Remember, after these limits have been applied to your bill, the amount you pay will still increase in line with the rate of inflation.