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The original rateable value (RV) of the properties for which revaluation appeals have been resolved is Au4,561m, which represents 92% of the rateable values of properties for which a revaluation appeal was lodged (Au4,946m).
The current scheme provides complete relief for businesses with a rateable value up to PS6,000 and is tapered up to PS12,000.
e current scheme provides complete relief for businesses with a rateable value up to PS6,000 and is tapered up to PS12,000.
5m of aggregate rateable value in total, whereas the 41 who voted against had property with a rateable value of pounds 37.
The 57-year-old owner of Mike's Kitchen claimed high rateable values for the area were driving away businesses, leading to reduced footfall.
The 57-year-old owner of Mike's Kitchen claimed high rateable values for the area were driving away businesses and the remaining shops were suffering from reduced footfall.
: John Cooke, director of rating at DTZ in Newcastle, said: "When the last Government increased the threshold for empty rates to pounds 15,000 rateable value for the 2009/2010 rate year, it was estimated that up to 70% of all rating assessments could thereby qualify for exemption from empty rates.
Nicola Johnson, who runs multi-sensory children's nursery Bambeans, was shocked to discover the rateable value of the property had beenuppedsubstantially after she spent pounds 100,000 of her savings renovating the previously bare-brick building in Canton, Cardiff.