Regulation 3
SCHEDULEN.I.Formula
1. In respect of the year ending on 31st March 2024 and each subsequent year, in making the district rates referred to in regulation 2, a district council shall consider whether to make a capital value district rate in accordance with the formula—N.I.
A = B × C
where—
A is the capital value district rate;
B is the net annual value district rate; and
C is the conversion factor for that council as set out in Table 1.
Commencement Information
I1Sch. para. 1 in operation at 1.2.2023, see reg. 1
2. In paragraph 1—N.I.
“capital value district rate”, in relation to a district council, means a district rate made by that council on the rateable capital values of hereditaments in the district;
“net annual value district rate”, in relation to a district council, means a district rate made by that council on the rateable net annual values of hereditaments in the district.
Table 1
Conversion factors for district councils
Council | Conversion factor |
---|---|
Antrim and Newtownabbey | 0.014881 |
Ards and North Down | 0.014707 |
Armagh City, Banbridge and Craigavon | 0.016925 |
Belfast | 0.013119 |
Causeway Coast and Glens | 0.016128 |
Derry City and Strabane | 0.016084 |
Fermanagh and Omagh | 0.016516 |
Lisburn and Castlereagh | 0.014235 |
Mid and East Antrim | 0.013853 |
Mid Ulster | 0.014781 |
Newry, Mourne and Down | 0.016107 |
Commencement Information
I2Sch. para. 2 in operation at 1.2.2023, see reg. 1