District Rate for April 2012 - March 2013
What is the District Rate for the year commencing April 2012 – March 2013?
The District Rate is fixed annually by each of the twenty-six district Councils. The money raised goes towards the cost of providing services in that district. The new district rate for domestic properties is 0.4092 pence, an increase of 2.20%. The new non-domestic rate is 28.3045 pence an increase of 2.20%.
How is the increase of 2.20% in rates explained?
The Overall increase of 2.20% can be analysed as follows:
| |
% |
|
|
| Employee Costs |
0.56 |
|
1% Increase in Employer's Pension Costs and Annual Pay Award |
| |
|
|
|
| Landfill Tax |
0.68 |
|
Landfill Tax increase of £8 per Tonne |
| |
|
|
|
| City Of Derry Airport |
(0.30) |
|
Reduction in Annual Subvention |
| |
|
|
|
| Council’s Controllable Expenditure |
0.11 |
|
Includes increased Vehicle costs £55,000, Utility costs £22,400 and Development Fund £347,200 offset by Efficiency savings of £437,400 |
| |
|
|
|
| Departmental Bids |
1.37 |
|
Mainly new projects / facilities |
| |
|
|
|
|
|
|
| Increase In Net Expenditure |
2.42 |
|
|
| |
|
|
|
Gain On Penny
Product/General Grant |
(0.22) |
|
|
|
|
|
| Rates Increase |
2.20 |
|
|
|
|
|
There are two parts to the rates – a DISTRICT rate set by the local District Council and a REGIONAL rate set by the Northern Ireland Government.
The domestic rate bill is calculated as follows: - (Capital Value of your property) X (District Rate + Domestic Regional Rate) = Amount to be paid by the Domestic Ratepayer.
The business rate bill is calculated as follows: - (Net Annual Valuation of business premises) X (District Rate + Business Regional Rate) = Amount to be paid by the Business Ratepayer.
How do I pay my rates?
All online information on domestic rates is now provided on the NI Direct website.
http://www.nidirect.gov.uk/index/property-and-housing/rates/how-you-can-pay-your-rate-bill.htm
Tel: 0845 300 6360