Valuation & Rating

"Hitchin" A Ride At The Valuation Tribunal

Derrick Wade Waters has scored an important victory against the Valuation Office Agency on behalf of a business ratepayer in Hitchin, Hertfordshire who will now benefit from a much lower annual business rates bill.

The Rateable Value of our client's prominent shop property had been assessed at £87,000 which Derrick Wade Waters said very considerably overstated an accurate assessment. By taking the matter to the Valuation Tribunal in London, Derrick Wade Waters was able to make the case for a significant reduction and argue against the District Valuer's case for keeping the assessement.

The Valuation Tribunal was sympathetic to and ultimately presuaded by the valuation arguments that we put forward and decided that the Rateable Value should be reduced to £56,300 - a reduction of over 35% on the original assessement!

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