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Property re-evaluation to make rates ‘fairer’ – 12 November 2014
The Department of Finance and Personnel’s Land & Property Services (LPS) has re-evaluated all 73,000 non-domestic properties in Northern Ireland in a bid to re-distributed rates in a fairer way.
The new values will be used to calculate business rate bills from 1 April 2015.
In Northern Ireland, business rates are charged on most non-domestic premises including shops, offices, warehouses, factories, hotels and pubs including utilities such as gas, electricity and wind farms.
LPS said it was releasing the figures early in order that business ratepayers can see the new valuations before rates are struck.
Final values will published in February, with business rate bills issued in April.