How much is domestic rates in Northern Ireland?
Domestic rate poundages include the district and regional rates for 1 April 2021 until 31 March 2022….Rates bill example.
| Council | Domestic rate poundage |
|---|---|
| Causeway Coast and Glens | 0.008563 |
| Derry City and Strabane District Council | 0.009677 |
| Fermanagh and Omagh Council | 0.008292 |
| Lisburn & Castlereagh Council | 0.007732 |
What months do you pay rates in Northern Ireland?
Your rate bill is based on rates assessed from 1 April to 31 March. When you receive your domestic rates bill, you’re responsible for paying the full amount within the rates year. You can make one payment for the full amount or spread payments over ten months.
How are NI rates calculated?
Your domestic rates bill is calculated by multiplying your rateable capital valuation by the domestic rate for your council area. The domestic rate for your area is made up of the regional rate and the district rate.
What are rates on a property?
What are rates? Rates are a property tax based on the valuation of your home. The income from rates provides funding for services at both local (your council) and regional (NI Assembly) levels.
Do you pay council tax in Belfast?
In Northern Ireland, the equivalent tax to council tax is called rates. The money collected through these property taxes goes to local authorities (councils) to pay for local services such as maintaining parks, collecting rubbish, policing and personalised care. These properties are described as domestic properties.
Do you pay council tax in Northern Ireland?
Northern Ireland doesn’t use the council tax system, but has a system based on domestic rates. This means the value of your property is multiplied by a domestic rate based on the area you live in, and your tax bill is calculated by this.
Do you pay rates on an empty house in Northern Ireland?
The owner is responsible for paying rates on an empty property. Four per cent early payment discount is applied to empty property rates.
How much more Ni will I pay?
Employees, employers and the self-employed will all pay 1.25p more per pound in National Insurance (NI) from April 2022. That’s under a new National Insurance tax increase that will come into force in April and eventually be rebranded as a Health and Social Care Levy from 2023.
What is the CV of my house?
The capital value (CV) is the value of a property for rating purposes, not the current market value of your home.
Who has to pay rates Northern Ireland?
Almost everyone who lives in a property in Northern Ireland has to pay rates. Rates pay for services throughout Northern Ireland; like schools, hospitals and roads; and for services in your local area; like bin collection, parks and leisure centres.