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Non-domestic Rates: Valuation

Volume 493: debated on Thursday 11 June 2009

To ask the Secretary of State for Communities and Local Government what estimate he has made of the administrative cost to (a) the Valuation Office Agency, (b) local authorities and (c) his Department of the (i) 2005 ratings list revaluation and (ii) 2010 ratings list revaluation. (278336)

Five-yearly revaluations are part of the normal operation of the rating system and form part of the everyday work of Communities and Local Government and local authorities. No assessment of the administration costs has been made for either Communities and Local Government or local authorities.

The estimated cost incurred by the Valuation Office Agency in undertaking the 2005 rating revaluation was £47.328 million and the estimated cost of undertaking the 2010 rating revaluation is £51.5 million.