How is my Business Rate calculated?
We work out your bill by multiplying the rateable value of your property by the rate poundage, which the Government sets in April each year. The rate poundage figure applies to every property in England.
For example, the rate poundage figure for 2010/2011 is 41.4p. If your rateable value was £20,000, we would multiply this by 41.4p and the amount you would have to pay for the year would be £8,280.00. This is not taking any Transitional Relief into account.