Rating And Valuation Act Explained

Summary

The Rating and Valuation Act 1961 offers exemptions for domestic dwelling-houses from specific property rates, but it does not cover water rates, which are managed separately by local water authorities under the Water Industry Act 1991. The Water Industry Act 1991 governs water and sewerage charges, including residential properties. For detailed information on water rate liabilities, contact your local water authority. Section 18 of the 1961 Act clarifies that dwelling-houses used by water companies are treated like other homes for tax purposes, not subject to special valuation rules for water hereditaments.

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Section * refers to water rates
To clarify:
- **Rating and Valuation Act ***: Provides exemptions for domestic dwelling-houses related to property rates, not specifically water rates.
- **Water Industry Act ***: Governs water and sewerage charges, including residential properties.
Could you please specify your location in the UK for more precise details on local water rate exemptions?
What is sec * saying in laymans
Section * of the Rating and Valuation Act * provides certain exemptions for properties, like domestic dwelling-houses, from specific property rates. However, it doesn't cover water rates, which are managed separately by local water authorities under the Water Industry Act *.
Is there a specific exemption or detail you are interested in regarding Section *?
It gives exemption for dwelling-house,
Section * of the Rating and Valuation Act * provides certain exemptions for domestic dwelling-houses from specific property rates. However, it does not cover water rates. Water rates are regulated separately by local water authorities under the Water Industry Act *.
Would you like more detailed information on water rate exemptions specific to your area in the UK?
So what are the certain exemptions
Under Section * of the Rating and Valuation Act *, domestic dwelling-houses may be eligible for certain exemptions from property rates. These exemptions typically include:
- Property taxes: Certain reductions or complete exemptions from local property taxes.
- Agricultural land/buildings: Often exempt from property rates.
- Charitable organizations: May receive specific reliefs or exemptions.
For more precise information, could you specify your location within the UK?
S4 relates to water
Section * of the Rating and Valuation Act * does not specifically address water rates. Generally, water rates are regulated separately by local water authorities under the Water Industry Act *.
Could you please specify your location within the UK so I can provide more precise information on local water rate regulations and exemptions?
S18 para *
Section *, paragraph * of the Rating and Valuation Act * provides certain exemptions for domestic dwelling-houses from specific property rates. However, it does not cover water rates. Water rates are managed separately by local water authorities under the Water Industry Act *.
Could you please specify your location within the UK for more precise details on local water rate exemptions?
What is this saying in laymans terms, Valuation of water undertakings (*) For the purposes of valuation lists coming into force after the passing of this Act, the rateable values of the hereditaments in any parish in England and Wales which are occupied for the purposes of a statutory water undertaking (hereinafter referred to as water hereditaments of the undertaking) shall be taken to be the values ascertained, in accordance with the following provisions of this section, by apportioning an amount (hereinafter referred to as the cumulo-value for the undertaking) ascertained as hereinafter provided for the undertaking as a whole. Rating and Valuation Act * (c. *) PART II – Valuation of Hereditaments of Statutory Water Undertakings Document Generated: *-*-* * Status: This is the original version (as it was originally enacted). (*) The cumulo-value for the purposes of such lists as aforesaid coming into force at any time (hereinafter referred to as the relevant lists) shall be determined by adjusting as hereinafter provided the cumulo-value as determined for the purposes of the valuation lists (hereinafter referred to as the previous lists) last coming into force before the relevant lists :— (a) if the yearly average supply of the undertakers in the basic period for the relevant lists exceeds their yearly average supply in the basic period for the previous lists, the cumulo-value for the undertaking, as determined for the purposes of the previous lists, shall be increased by an amount which bears to the aggregate of the cumulo-values for all undertakings in England and Wales, as determined for the purposes of the previous lists, the proportion which the difference between the said yearly average supplies bears to the yearly average supply of all undertakers in England and Wales in the basic period for the previous lists; (b) if the yearly average supply of the undertakers in the basic period for the relevant lists falls short of their yearly average supply in the basic period for the previous lists, the cumulo-value for the undertaking shall be reduced in the proportion which the one bears to the other; (c) the said cumulo-value, adjusted (unless neither of the two foregoing paragraphs has effect) in accordance with those paragraphs, shall be apportioned among rating areas in which water hereditaments of the undertaking are situated; (d) the amount apportioned under the foregoing paragraph to each county borough and to the Isles of Scilly, and the aggregate of the amounts apportioned to the rating areas in each county, shall be adjusted by multiplying it by the proportional change in the level of net annual values appearing, on the average, from a comparison of the values expected to be shown in the relevant lists for the borough, Isles or county, as transmitted to rating authorities in pursuance of subsection (*) of section one of the Act of *, with the net annual values shown in the previous lists for the borough, Isles or county at the beginning of April last before the coming into force of the relevant lists; and the sum of the amounts and aggregates referred to in paragraph (d) of this subsection, adjusted in accordance with that paragraph, shall be the cumulo-value for the undertaking determined for the purposes of the relevant lists. (*) The last-mentioned cumulo-value shall be apportioned among parishes in which water hereditaments of the undertaking are situated, and for the purposes of the relevant lists the amount apportioned to any parish shall be the rateable value of such hereditaments in the parish, and rateable values (but no net annual values) shall be shown accordingly in lists transmitted to rating authorities in pursuance of subsection (*) of section one of the Act of *. (*) References in this Part of this Act to water hereditaments do not include references to dwelling-houses, and hereditaments in England and Wales occupied as dwelling-houses for the purposes of a statutory water undertaking shall he treated for the purposes of valuation lists coming into force after the passing of this Act in like manner as if so occupied for any purposes for which no special provision is made by the law relating to valuation for rating.
In simple terms, this section of the Rating and Valuation Act * states:
- Properties used by water companies (excluding homes) are valued for tax purposes.
- These values are adjusted based on water supply changes.
- Adjusted values are distributed among areas where the properties are located.
- Homes used by water companies are treated like other homes for tax purposes.
Whatscis it saying in relation to the dwelling-house
In relation to dwelling-houses, this section of the Rating and Valuation Act * states:
- Dwelling-houses used by water companies are treated like any other homes for tax purposes.
- They are not subject to the special valuation rules that apply to other properties used by water companies.
Is there something specific you need to know about dwelling-houses in relation to this Act?
Para *
Section *, paragraph * of the Rating and Valuation Act * clarifies:
- Dwelling-houses used by water companies are treated the same as other homes for tax purposes.
- They are not subject to the special valuation rules that apply to other properties used by water companies.
Would you like more information on how this affects your situation?
What is this layman term, (*) References in this Part of this Act to water hereditaments do not include references to dwelling-houses, and hereditaments in England and Wales occupied as dwelling-houses for the purposes of a statutory water undertaking shall he treated for the purposes of valuation lists coming into force after the passing of this Act in like manner as if so occupied for any purposes for which no special provision is made by the law relating to valuation for rating.
In layman's terms, this section means:
- Houses used by water companies are considered like any other homes for tax purposes.
- They do not follow special valuation rules for properties used by water companies.
- They follow the standard property valuation rules.
Is there something specific you need to know about this provision?
hereditaments do not include references to dwelling-houses, and hereditaments in England
Hi there! It looks like you're asking about the treatment of dwelling-houses under the Rating and Valuation Act * in England.
In simple terms:
- **Hereditaments**: Properties considered for tax purposes.
- **Dwelling-houses**: Homes are treated like other residential properties for tax purposes.
- **Water hereditaments**: Do not include homes; homes used by water companies are valued like other homes.
Is there something specific you need more information about?