Home Rates How are rates calculated? How much will I have to pay?
 
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How much will I have to pay? Print E-mail

Rates are collected by Land & Property Services.

How are rates calculated?

Before 2007, rates calculations were based on the Net Annual Value (NAV) of your home. Net Annual Value was the amount based on the annual rent at which the property might have reasonably been expected to be rented.

This method of calculating rates bills changed in 2007. Rates are now calculated on the capital value of your home.

What is the capital value?

The capital value is the amount a property could reasonably have been sold for on the open market on 1 January 2005.

Land and Property Services have assessed this figure for each house in Northern Ireland. You can find out what the capital value of your property is on Land and Property Services website or on www.mycapitalvalueni.gov.uk.

Your rate bill is worked out by multiplying the capital value of your property by the total of the domestic regional rate and the domestic district rate. If you are entitled to any help with your rates, this amount will be deducted in your rate calculation.


Automatic rate relief

You are eligible for automatic rate relief if the capital value of your house is £400, 000 or over. An automatic discount is made to your rates bill. You don't need to apply to obtain this rate relief.

I can't afford to pay my rates

If you can't afford to pay your rates, find out if you are eligible for rate relief to help pay your rates.

If you are worried about housing debt, paying your rates bill, contact Housing Rights Service by telephone: 028 9024 5640.

 
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Content on this site applies to Northern Ireland only.

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