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Rate of transition

By: Series: Estates Gazette ; (0308) 22 February 2003, 120-121(2)Publication details: 2003Subject(s): Summary: The Valuation Office Agency is modernising the way it gives information to ratepayers about rate assessments and is aiming to improve the accuracy of valuations. However only half the problem has been considered. The omission is schemes of transitional arrangements that accompany rating revaluations. RICS, IRRV, and RSA have produced research to consider alternatives to fill the gap. As a result the research advises modifications to the Local Government Bill to rectify any problems.

The Valuation Office Agency is modernising the way it gives information to ratepayers about rate assessments and is aiming to improve the accuracy of valuations. However only half the problem has been considered. The omission is schemes of transitional arrangements that accompany rating revaluations. RICS, IRRV, and RSA have produced research to consider alternatives to fill the gap. As a result the research advises modifications to the Local Government Bill to rectify any problems.