000			01422cab a2200181 4500
001			ABS38009
008			090401t1987 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u8062
041			_aeng
245			_aBarclays Bank PLC v Gerdes (VO)
260			_c1987
350			_a0
490			_aRating Appeals _v(1987) RA 117-126(6)
520			_aLT 19 March 1987. Appeal by ratepayers (R) from decision of Kent lvc determining the assessment of warehouse premises at Vale Road, Tonbridge at 12,000 gv 9,972 rv. The premises, which includes very high security features, is used by a bank for storing, processing and distributing bank notes and coin. When R objected to the proposed assessment Kent lvc upheld it. R appealed to LT seeking a reduction to 7,125 gv 5,909 rv, basing their figures on 15 similar properties throughout England. VO could find no assistance from comparables and used the contractors basis of valuation , arriving at an assessment of 14,750 gv 12,263 rv. LT decided that the wide disparity between the two values indicated that one method was inappropriate in the present circumstances. LT held that, in using comparables, though skill and judgment has to be exercised, there remains only a small margin for error. The contractors method contained many adjustments and the margin for error was very wide. Appeal allowed;
690			_aRATING AND VALUATION-CASE LAW
942			_n0
948			_c04/03/1997
999			_c4912 _d4912