Rating was the system of local taxation levied upon property values which was adopted in England in 1601 and remained virtually unchanged until 1869.
The parish was the unit of local government from the 17th century but, by 1869, it became virtually non-existant as an effective unit in London. The need for a more co-ordinated system led to the passing of the Act by which London was administered on a broader basis. Beyond the capital, the archaic rating system with its anomalies remained unchanged.
In 1925, the Rating and Valuation (Apportionment) Act extended the system adopted in the capital throughout the UK.
The act also established "assessment areas" which consisted of groups of rating areas to reduce the number of administrative authorities. It also formed assessment committees to hear the objections of ratepayers.
The Derating Act of 1929 granted certain exemptions and deductions for those premises occupied for manufacturing purposes.
The Rating and Valuation (Apportionment) Act of 1925 defined the "net annual value" on which the valuation was based as "the rent at which the hereditament might reasonably be expected to let from year to year if the tenant undertook to pay all usual tenants' rates and taxes and tithe-rent charge, if any, and to bear the cost of repairs and insurance and the other expenses, if any, necessary to maintain the hereditament in a state to command that rent."
Derating was a scheme to encourage agriculture and industry by relieving them of a portion or the whole of the rates normally payable.
This principal was intorduced in Winston Churchill's budget of 1928 and incorporated into the Local Government (Derating) Act of 1929.
The Act relieved agricultural lands of the whole and productive industry of seventy-five per cent of the rates previously levied.
The revenue thus lost to local government was compensated for by a lump sum grant from central government which was distributed amongst the local authorities.
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| | | The effect of the measures was subsequently obscured by the industrial depression.
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Recommend a Book for this Page
The Agricultural Rates Act, 1933.
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