At a special meeting of Council on Monday evening (1 March), Elected Members agreed increases of less than 1% on both business and household rates, with Mid and East Antrim the only Council in Northern Ireland to take advantage of the recent legislative changes which allow a different rate for businesses and households, known as decoupling.
This has enabled Council to strike a household rate of 0.4414, a 0.99% increase from the previous year, and a business rate of 31.1326, a 0.69% increase from the previous year, leaving both household and businesses with a less than 1% increase in rates.
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How Rates are Calculated: (How to calculate your domestic rates bill)
Your Domestic Rates bill is made up of two elements: Regional and District Rates. Your rates bill is based on the capital value of your property.
The Regional Rate set by Central Government which accounts for approximately 50% of your bill and the District Rate which is set by us and accounts for the remaining 50% of your bill. The regional rates are struck by the Department of Finance and Personnel as a contribution towards services provided by the devolved Government Departments and is the same throughout Northern Ireland.
Further guidance on how your rates bill is calculated is available on the NIDirect website.
Revaluation of non-domestic rates
Land & Property Services (LPS) is revaluing all non-domestic properties in Northern Ireland for rates.
More information is available on the Department of Finance website.
For further information please contact:
Land and Property Services Rate Collection
T: 0300 200 7801