As a result of the 2005 revaluation some rate bills will either increase or decrease. The government has limited both the increases and decreases by 'phasing' in the changes.
Maximum increases in real terms
|
Year
|
Small property
|
Large property
|
| 2005/6 |
5%
|
12.5%
|
| 2006/7 |
7.5%
|
17.5%
|
| 2007/8 |
10%
|
20%
|
| 2008/9 |
15%
|
25%
|
| 2009/2010 |
no phasing
|
|
Maximum decreases in real terms:
Maximum decreases in real terms
|
Year
|
Small property
|
Large property
|
| 2005/6 |
30%
|
12.5%
|
| 2006/7 |
30%
|
12.5%
|
| 2007/8 |
35%
|
14%
|
| 2008/9 |
60%
|
25%
|
| 2009/2010 |
|
|
Business Rates
Guildford Borough Council
Millmead House
Millmead
Guildford
Surrey
GU2 4BB
Tel: 01483 444872
Fax: 01483 444866
Email: brates@guildford.gov.uk