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Rating Multiplier

We calculate a property's rate bill by multiplying its rateable value by a set amount. This amount is called the 'rating multiplier'.

The multiplier is set by the National Assembly for Wales every year. It cannot rise by more than the rate of inflation (except in a revaluation year).

The multiplier for each financial year is shown below: 

Financial year Multiplier (pence in the pound)
2019-202052.6p
2018-201951.4p
2017-201849.9p
2016-201748.6p
2015-201648.2p
2014-201547.2p
2013-201446.4p
2012-201345.2p
2011-201242.8p
2010-201140.9p

 

For example

If the rateable value of your business is £15,000, you would use the 2018-19 multiplier (51.4p) to estimate your business rates as follows:

£15,000 (rateable value) x £0.514p (multiplier) = £7,710

This is the gross liability, before any relief's are applied.

 

Contacts

  • Phone: Council Tax / Business rates team on 01597 827463 (between the hours of 9:00 am and 4:00 pm only)
  • Email: revenues@powys.gov.uk
  • Write to us at: Powys County Hall, Spa Road East, Llandrindod Wells, Powys, LD1 5LG
  • Type=articles;Articleid=4856;Title=Report Council Tax Fraud here;CallToAction=no;


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