Northern Ireland: Domestic Rating

Currently each domestic property in Northern Ireland is assessed on the basis of its rental value (known as the net annual value) as at 01 April 1976. The basis of valuation is set out in Article 39 and Schedule 12 of the Rates (NI) Order 1977. Each domestic property has been valued in line with comparable properties in the same vacinity. The basis of valuation for domestic properties in Northern Ireland is to change to a rating system based on Capital rather than Rental Values. This means your rates bill will be based on the open market value of your property as at 1 January 2005. These changes come into effect on 1 April 2007. Domestic Rating Comment SRDA campaigns against both these bases in preference to site value only.