Property values can change between each revaluation. Transitional arrangements help to phase in the effects of these changes by limiting the amount by which a bill may rise following a revaluation.
To help pay for limits on increases in bills after a revaluation, there have previously been limits on reductions in bills too. This decrease limit ended as of 31 March 2022.
Under the transition scheme for 2023/24 limits continue to apply to yearly increases until the full amount is due (rateable value times the multiplier).
There are limits to how much your rates can increase or decrease.
Rate increase limits
| Year | Small property (RV below £20,000:below £28,000 in London) | Medium property (RV £20,001-£100,000 | Large property (RV above £100,000 |
|---|---|---|---|
| 2017-18 | 5% | 12.5% | 42% |
| 2018-19 | 7.5% | 17.5% | 32% |
| 2019-20 | 10% | 20% | 49% |
| 2020-21 | 15% | 25% | 16% |
| 2021-22 | 15% | 25% | 6% |
| 2022-23 | 15% | 25% | 0% |
| 2023-24 | 5% | 15% | 30% |
Rate decrease limits
| Year | Small property (RV below £20,000:below £28,000 in London) | Medium property (RV £20,001-£100,000 | Large property (RV above £100,000 |
|---|---|---|---|
| 2017-18 | 20% | 10% | 4.1% |
| 2018-19 | 30% | 15% | 4.6% |
| 2019-20 | 35% | 20% | 5.9% |
| 2020-21 | 55% | 25% | 5.8% |
| 2021-22 | 55% | 25% | 4.8% |
The Council will automatically calculate any transitional relief, there is no need to apply for it.
Last Updated on Wednesday, May 8, 2024