District Rate
What is the District Rate for the year commencing April 2008– March 2009?
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 0.3533 pence, an increase of 4.99%. The new non-domestic rate is 24.4336 pence an increase of 4.95%.
How is the increase of 4.99% in rates explained?
The Overall increase of 4.99% can be analysed as follows:
| % | ||
| Waste Management | 2.01 | Landfill Tax and Recycling |
| Annual Pay Awards | 1.76 | |
| Employers Superannuation | 0.91 | Increase in employer's contribution from 13% to 15% of payroll costs |
| City Of Derry Airport | 7.15 | |
| Departmental Bids | 0.79 | Required to Achieve Corporate Plan |
| Council’s Controllable Expenditure |
(0.40) | Remaining Net Expenditure |
| Increase In Net Expenditure |
12.22 | |
| Net Gain On Penny Product/General Grant and Decrease In Reserves |
(7.23) | |
| Rates Increase | 4.99 |
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 does the District Rate for Derry City Council area compare?
The District Rate increase for the City Council is the 13th lowest of the Northern Ireland Councils.
How do I pay my rates?
Please visit the Land & Property Services website to find out ways to pay your rates bill. Click here to visit the Land & Property Services website.