In Northern Ireland, rates are a property tax based on the capital, or market value of homes.
Rates of non-domestic properties, such as businesses and offices, are based on the rental value of your property.
income from this tax contributes towards the cost of providing local
government services, such as leisure services and bin collections, and
central government services, such as education and health.
Your rates bill
Your rates bill is made up of two parts:
district rate is fixed annually by individual councils and is used to
pay for services such as bin collections, recycling and waste disposal,
leisure services, street cleaning and parks.
The regional rate is set by central government and is used to pay for services such as roads, education and health.
Land and Property Services (LPS) is revaluing all non-domestic properties in Northern Ireland for rates. A new Valuation List will come in to effect on 1 April 2020 based on rental values as at 1 April 2018.
More information is available on the Department of Finance website.