answersLogoWhite

0

Rateable Value (RV) is a figure set prior to 1990 by the District Valuer, working on behalf of the Inland Revenue. This figure was used to determine the Rentable Value of a property based on it's size, location, reputation of said location and local amenities - i.e. Shops, Schools etc. This method was stopped in 1990 and replaced with what is now known as Council Tax.

This figure is now only used by the Water Industry of England and Wales. The Rateable Value of a property will determine the yearly water charge for un-metered properties. This figure is used as a basis of charge and will not reflect the overall water bill. For example, if a property has the RV OF 100, the water bill will be calculated in the following way.

100 X £1.21 (Companies fresh water price per unit of RV) = £121

100 X £2.46 (Companies waste water price per unit of RV) = £246

Add addition standing charges - for example - £50/year £50

Giving you an annual bill of £417.

User Avatar

Wiki User

14y ago

What else can I help you with?

Trending Questions
What is the punishment for a class e misdemeanor in the state of Maine? Can you go to school in one county if you live in another? My sister who is sole administrator of my mother's estate is charging excessive fees to the estate for handling the estate. can anything be done to challenge her expenses? What are the legal issues in nutrition? Are you entitled to a copy of your taped interview under caution? If I had to move from Florida due to hardship and couldn't pay arears and looking for employment but can't because my license are suspended what do I do I can't go to Florida because of money? Can you have someone arrested for calling you a queer? What is the defining of criminal justice? What other states can you drive in with a California learners permit? If convicted of a Federal Felony can the judge allow probation? Who is repsonsible if someone you did not give permission and does not have a license causes an accident my daughter who is listed on my policy did give permission? Where to find photos of mark kamps-sound editor of criminal minds? Is it legal in a criminal action against a defendant to procure an arrest warrant and complaint based on the same charges defendant was already arrested posted bail and arraigment pending? Does your Tenant Have to disclose felon status in FL? Who are the Latin kings enemies? Can your misdemeanor be seen in other states? Sportsman grill made by Atlanta Stove Works CO patent number on grill is NO6.125.446-125.447 how do you find out year this piece was manufactured? What can I do to stop severe itching all over my body after bathing with water? Can you file charges against spouse for credit card fraud? The captain punishment?