The Fife Assessor will write to notify you of a new or amended rateable value, or The search facility at www.saa.gov.uk provides details of rateable values for all non-domestic properties in Scotland, or Contact the Fife Assessor.
How do I find the rateable value of a property?
Checking a rateable value You can find the rateable value of a property on Scottish Assessors Association website. You'll also find a breakdown of how a rateable value was calculated for most properties. Contacting an assessor about a rateable value
How do I contact the Fife land valuation service?
The Service can be accessed by email to: [email protected] or by telephoning 03451 55 55 33 and leaving a voicemail message. 20 January 2020 Return of Information – Lands Valuation Schedule
Who is responsible for business rates in Fife?
The Customer & Online Services, Business Rates Team is responsible for the assessment, billing, collection and recovery of all of Fife’s Non-Domestic Rate Income. You pay rates based on a proportion of your rateable value, this percentage is set annually by Scottish Ministers and is called the poundage.
How do I use rateable value or council tax band searches?
You can use the Rateable Value or Council Tax Band searches to find information about properties Search for any words you enter A page containing all the words you search for is ranked higher than one with only some of the words To search for a phrase put your phrase in double quotes Menu SAA Home Contact Fife Assessor Valuation Roll
How do I find the rateable value of my property in Scotland?
You can find the rateable value of a property on Scottish Assessors Association website. You'll also find a breakdown of how a rateable value was calculated for most properties.
What is the rateable value of a property?
Rateable value (RV) is the 'value' of a property set by the local authority for the purpose of determining and allocating rates. It is made up of three components: Capital Value (CV) - based on recent comparable sales in the area. Land Value (LV) – based on recent sales of vacant section in the area.
How do I work out the rateable value of my business property?
Where to find your rateable value. Business rates are determined by multiplying the rateable value by the “multiplier” set by the government. The rateable value, or property's value, is based on the open market value from 2015. These are estimates from the Valuation Office Agency.
How is a rateable value calculated?
The rateable value of a property is based on an assessment of the annual rent the property would provide if it was let on the open market at a fixed valuation date. Business rates are local taxes paid by those who occupy non-domestic and business properties, just like people council tax on their homes.
What are Scottish business rates?
The Poundage Rate has been set for 2022-23 at 49.8 pence. An Intermediate Property Rate and Higher Property Rate are as follows: Intermediate Property Rate is set at 1.3 pence above the Poundage Rate (51.1 pence) for properties with a Rateable Value from £51,001-£95k.
Is rateable value same as rent?
The VOA gives a rateable value to each non-domestic property and this is used by local councils to calculate a property's business rates. A property's rateable value represents the rent the property could have been let for on a certain date set in law.
How do I find the rateable value of my property UK?
The rateable value of your property is shown on the front of your bill. This broadly represents the yearly rent the property could have been let for on the open market on a particular date.
What does rateable value mean Scotland?
What is rateable value? The Scottish Assessors give all non domestic property in Scotland a rateable value, which is a legally defined valuation of a property, broadly based on an analysis of annual rental values.
How are business rates calculated in Scotland?
Business rates are calculated by multiplying the rateable value of your non domestic property (based on the notional annual rent) by the poundage rate (or multiplier) set annually by the Scottish Government. In addition, many properties receive 100% or partial rates relief as a tax discount.
How do I check my council tax band in Scotland?
Find out your council tax bandfind your property on the Scottish Assessors website.follow the link 'Make a proposal'your proposal will go to the local assessor.
How do I calculate rates?
If you have a rate, such as price per some number of items, and the quantity in the denominator is not 1, you can calculate unit rate or price per unit by completing the division operation: numerator divided by denominator.
Who sets business rates in Scotland?
The rateable value is determined by independent Assessors appointed by local councils. The standard poundage, which is fixed by the Scottish Government, has been cut – from 48.4 pence in the pound in 2016-17 to 46.6 pence in 2017-18. Only the very largest businesses will pay more.
Non-Domestic Rates – Full Database
A list will be published on a regular basis detailing Non-Domestic Rates full database, including reliefs awarded (see Related Publications below).
Contacting us
Please complete the appropriate Online Form below to apply for relief or to notify us of any changes in ownership or changes in tenancy.
Council tax
Every home is allocated one of eight bands, A to H. The banding is based on the value of your home at 1 April 1991.
Business rates
The rateable value of a non-domestic property broadly represents its annual open market rental value at 1 April 2008 as per the revaluation, which came into effect on 1 April 2010.
Properties liable for both taxes
Properties in mixed use, known as composite properties, will have a rateable value to reflect their non-domestic part, and a band to reflect their domestic part. If you have a composite property you have to pay both taxes, on different parts, and so your property will appear on both the valuation and rating lists for the borough.