The basic method of property Valuations VIC is easy and if you are working with the experienced property valuers then it is no huge task for you to find the house price. Many companies are risking missing the opportunity to save money on rates, says Andrew Kilpatrick of Thompsons. 31st March 2001 is the last chance to appeal against old rating assessments under the 1995 Rating List, many of which form the basis of current rates bills, thanks to transitional provisions phasing in rate increases and decreases. A successful appeal can often be backdated to 1 April 1995 and if affecting the phasing of the new 2000 Rating Assessments, an appeal can produce rates savings for up to ten years from 1995.

If you hired the wrong property valuer then there is point to take tension and feel irritated because in that case you will face huge loss in your property as well as financial loss. Thompsons have successfully appealed a number of 1995 rating assessments where previous attempts to obtain rates savings have not been successful and in one instance on a property in Swindon Thompsons have saved an occupier over £70,000!

But working with the licensed property valuer will never let you face such situation and you will face only successful completion of your house valuation process. Then you will be able to make important decisions about your house. With the Uniform Business Rate for 2001/2002 increasing to 43 pence in the pound, and properties subject to phased increases receiving rate bills 18.8% higher than last year, a majority of businesses will be paying higher rates bills than last year.

Even properties which should be subject to a phased rate decrease will be paying more this year as the phased decrease permitted (2½% for large properties) is more than wiped out by the inflation factor (3.3%), converting what should be an entitlement to a reduced bill into higher liability from 1 April 2001.