District Rate
What is the District Rate for the year commencing April 2010 – March 2011?
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 0.3916 pence, an increase of 4.99%. The new non-domestic rate is 27.0869 pence an increase of 4.99%.
How is the increase of 4.99% in rates explained?
The Overall increase of 4.99% can be analysed as follows:
| % | ||
| Employee Costs | 0.75 | 1% Increase in Employees Pension Costs and Annual Pay Award of 1.5% |
| Waste Management | (0.72) | Landfill Tax increase of £8 per Tonne offset by savings in Handling Costs |
| City Of Derry Airport | 1.32 | Reduced Income, Incorporation Costs |
| Reduction in Income | 0.31 | Reduced Income from Building Control Fees & Property Certificates |
| Council’s Controllable Expenditure |
(1.34) | Includes Savings on Loans and Voluntary Redundancies of £669,900 |
| Departmental Bids | 2.27 | Mainly new projects / facilities |
| Increase In Net Expenditure |
2.59 | |
| Net Gain On Penny Product/General Grant Offset by Decrease In Reserves |
2.40 | |
| 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 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.