Rating Valuation: Principles and Practice

by Patrick H. Bond, Peter K. Brown

Overview

Rating Valuation: Principles and Practice has long been the standard go-to guide for both students studying rating valuation and practitioners needing a comprehensive reference book covering rating law, valuation and, importantly, practice. This fifth edition brings the reader up to date with the changes for the 2023 Rating Revaluation and developments in case law, as well as highlighting the differences between the law in England and Wales. A comprehensive chapter covers rates in Northern Ireland.

Starting with the basics, the book goes on to provide more in-depth detail for advanced readers, using clear, accessible and engaging analysis and example valuations throughout to break down what many see as a complex subject.

Whether you are studying to pass your APC, or just want an overview of the changes following the latest revaluation, Rating Valuation: Principles and Practice will give you all you need to understand rating valuation.

Product Details

ISBN-13:	9781032285528
Publisher:	CRC Press
Publication date:	12/22/2023
Edition description:	5th ed.
Pages:	528
Product dimensions:	6.12(w) x 9.19(h) x (d)

About the Author

Patrick H. Bond is former Head of Rating Valuation at the Valuation Office Agency’s head office, a past president of the Rating Surveyors Association and was chairman of the RICS Rating Diploma Holders’ Section in its 2022 Centenary year. He is a visiting lecturer in Rating at Bayes (formerly Cass) Business School, City University, and an assessor on the RICS Rating Diploma Study Course as well as being an IRRV tutor on both Rating and Valuation courses. He is a well-known conference speaker including at various international conferences and contributes articles in the professional press.

Peter K. Brown is a former Professor of Property Taxation at Liverpool John Moores University, UK, and a David C. Lincoln Research Fellow, Lincoln Land Institute, Cambridge, Massachusetts, USA. He was a member of the second Wood Committee looking into the rateability of plant and machinery. He was a regular speaker at conferences and contributed to articles in the professional press.

Table of Contents

1. Introduction

2. The Rateable Occupier

3. The Hereditament

4. The domestic/non-domestic borderline

5. Exemptions and reliefs

6. The basis of valuation

7. Rental analysis and valuation

8. The Contractor’s Basis

9. Receipts and expenditure

10. The valuation of shops

11. The valuation of offices

12. The valuation of factories, workshops and warehouses

13. The valuation of plant and machinery

14. The valuation of other types of property

15. The 2023 rating lists: preparation, alteration and appeals

16. Rating administration, collection and enforcement

17. The Empty Property Rate

18. The Council Tax

19. Rating in Northern Ireland

Appendix 1

Appendix 2