Statutory formulae for rating valuation
Premises of certain public utility undertakings such as the electricity suppliers, British Gas, British Rail Board, Network Rail (ex-Railtrack) and water authorities may be valued by formula prescribed by statute. ‘Non-operational’ premises, eg electricity and gas showrooms and offices not on operational land, are rateable in the usual way. Dwelling houses are deemed to be excluded from the value arrived at by the formula.
Where a statutory formula is provided, no other method may be used.
The Government has made it clear that it intends to value all such properties by conventional methods of rating valuation as soon as practicable, and has already removed the use of a statutory formula from the hereditaments of British Waterways, British Telecom, Docklands Light Railway and many others. It is the Government’s intention that all formula-rated properties will be conventionally valued, and the current plans are for this to be completed by 2005. As at the date of writing (June 2005), this process is continuing.
This article was created by --University College of Estate Management (UCEM) 17:09, 6 December 2012 (UTC)
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Professional practical experience for Architects in training
The long process to transform the nature of education and professional practical experience in the Architecture profession following recent reports.
A people-first approach to retrofit
Moving away from the destructive paradigm of fabric-first.
International Electrician Day, 10 June 2025
Celebrating the role of electrical engineers from André-Marie Amperè, today and for the future.
New guide for clients launched at Houses of Parliament
'There has never been a more important time for clients to step up and ...ask the right questions'
The impact of recycled slate tiles
Innovation across the decades.
EPC changes for existing buildings
Changes and their context as the new RdSAP methodology comes into use from 15 June.
Skills England publishes Sector skills needs assessments
Priority areas relating to the built environment highlighted and described in brief.
BSRIA HVAC Market Watch - May 2025 Edition
Heat Pump Market Outlook: Policy, Performance & Refrigerant Trends for 2025–2028.
Committing to EDI in construction with CIOB
Built Environment professional bodies deepen commitment to EDI with two new signatories: CIAT and CICES.
Government Grenfell progress report at a glance
Line by line recomendation overview, with links to more details.
An engaging and lively review of his professional life.
Sustainable heating for listed buildings
A problem that needs to be approached intelligently.
50th Golden anniversary ECA Edmundson apprentice award
Deadline for entries has been extended to Friday 27 June, so don't miss out!
CIAT at the London Festival of Architecture
Designing for Everyone: Breaking Barriers in Inclusive Architecture.
Mixed reactions to apprenticeship and skills reform 2025
A 'welcome shift' for some and a 'backwards step' for others.