AQW 2226/17-22 Written question to the Minister of Finance
To ask the Minister of Finance to detail the average change in Net Annual Values as a result of Reval 2020, broken down by business sectors.
Asked by Andrew Muir MLA on 17 February 2020
- Answered
- Written
- Tabled
- 17 February 2020
- Answer due by
- 3 March 2020
- Answered
- 27 February 202010 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
As a result of Reval 2020, the total Net Annual Value of the non-domestic Valuation List increased from £1,559 million to £1,665 million, an overall growth of 1.068 or 6.8%.
The change in total Net Annual Value and growth for each primary property class as a result of Reval 2020 is set out in Annex A.
This shows the number of rateable properties in each primary property class and the percentage of properties that have a decrease, increase, or no change in Net Annual Value.
ANNEX A
| Primary Property Class | No. Properties in Primary Class | Percentage of Properties - Decrease in NAV | Percentage of Properties - No Change in NAV | Percentage of Properties - Increase in NAV | Current Valuation List Total NAV | Draft Schedule Total NAV | Growth |
| Advertising Stations and Signs | 1,013 | 46.0% | 51.4% | 2.6% | £1,111,998 | £1,092,748 | 0.98 |
| Car Parks | 3,223 | 14.7% | 75.7% | 9.6% | £20,385,696 | £22,178,758 | 1.09 |
| Caravan Sites, Camp Sites and Holiday Chalets | 128 | 3.9% | 5.5% | 90.6% | £3,335,576 | £4,855,781 | 1.46 |
| Churches, Church Halls | 3,022 | 23.2% | 0.6% | 76.1% | £43,341,887 | £43,881,866 | 1.01 |
| Commercial Unclassified | 1,002 | 50.6% | 13.0% | 36.4% | £38,396,705 | £30,945,893 | 0.83 |
| Defence Hereditaments and Coast Guard | 33 | 3.0% | 6.1% | 90.9% | £10,875,286 | £11,205,585 | 1.03 |
| Filling Stations | 631 | 23.6% | 41.4% | 35.0% | £4,436,944 | £6,168,627 | 1.39 |
| Freight Transport (other than Public Utility | 17 | 5.9% | 76.5% | 17.6% | £2,996,647 | £3,010,789 | 1.00 |
| Hospitals, Clinics, Surgeries, Homes | 1,460 | 1.9% | 1.4% | 96.7% | £60,513,419 | £78,704,036 | 1.30 |
| Hotels Licensed | 157 | 5.1% | 19.7% | 75.2% | £17,127,320 | £23,920,230 | 1.38 |
| Hotels Unlicensed | 796 | 8.5% | 3.3% | 88.2% | £2,697,770 | £2,980,488 | 1.14 |
| Law and Order Establishments | 94 | 7.4% | 6.4% | 86.2% | £25,419,943 | 28,797,669 | 1.13 |
| Libraries | 61 | 9.8% | 27.9% | 62.3% | £4,420,920 | £5,248,456 | 1.22 |
| Licensed Premises | 1,232 | 16.5% | 23.1% | 60.5% | £24,177,117 | £29,137,612 | 1.20 |
| Manufactories | 4,245 | 20.1% | 21.8% | 58.1% | £151,520,946 | £156,382,962 | 1.02 |
| Markets, Marts | 40 | 20.0% | 17.5% | 62.5% | £690,559 | £784,065 | 1.12 |
| Miscellaneous Education, Cultural, Scientific | 15 | 0.0% | 26.7% | 73.3% | £988,710 | £1,265,631 | 1.19 |
| Miscellaneous Land Use | 15 | 20.0% | 0.0% | 80.0% | £41,477 | £58,240 | 1.41 |
| Miscellaneous Public Service Properties | 1,142 | 7.2% | 3.0% | 89.8% | £24,006,123 | £29,343,299 | 1.21 |
| Non Sporting Rec Facility | 2,273 | 4.7% | 5.0% | 90.3% | £32,497,935 | £39,159,291 | 1.19 |
| Nurseries and Garden Centres | 87 | 42.5% | 13.8% | 43.7% | £1,517,336 | £1,521,927 | 1.00 |
| Offices (Includes Banks and Post Offices) | 16,626 | 14.3% | 37.8% | 47.9% | £261,018,541 | £283,203,820 | 1.08 |
| Quarries, Sand Pits and Mines | 136 | 28.7% | 4.4% | 66.9% | £8,281,541 | £9,260,687 | 1.10 |
| Rights and Tolls | 9 | 44.4% | 44.4% | 11.1% | £30,081 | £23,565 | 0.75 |
| Schools | 1,833 | 13.2% | 0.8% | 86.0% | £117,539,375 | £150,806,040 | 1.27 |
| Shops, Showrooms, Supermarkets | 19,944 | 16.3% | 58.8% | 24.8% | £399,574,689 | £394,143,159 | 0.99 |
| Sites and Yards | 1,113 | 5.8% | 57.0% | 37.3% | £4,763,808 | £5,812,536 | 1.30 |
| Sporting Recreational | 1,064 | 35.1% | 2.7% | 62.2% | £32,049,947 | £38,086,268 | 1.19 |
| Telecommunications | 1,138 | 70.0% | 1.0% | 29.0% | £6,798,946 | £6,434,942 | 0.96 |
| Utilities | 111 | 19.8% | 11.7% | 68.5% | £95,853,487 | £90,800,819 | 0.95 |
| Warehouses, Stores, Workshops, (Non-Industrial) Garages | 13,838 | 15.1% | 28.2% | 56.7% | £153,881,817 | £159,199,719 | 1.02 |
Data is from the current Valuation List and Schedule of Draft Values as at 13 December 2019.