In Northern Ireland, rates are a property tax based on the capital, or market value of homes. Rates of non-domestic properties, such as businesses and offices, are based on the rental value of your property.
The income from this tax contributes towards the cost of providing local government services, such as leisure services and bin collections, and central government services, such as education and health.
Your rates bill is made up of two parts:
District rate: the district rate is fixed annually by individual councils and is used to pay for services such as bin collections, recycling and waste disposal, leisure services, street cleaning and parks.
Regional rate: the regional rate is set by central government and is used to pay for services such as roads, education and health.
Rate setting in Ards and North Down Borough Council (ANDBC) is a balance between affordable costs for ratepayers, maintaining quality of services and delivering ambitions for the Borough in relation to job creation, attracting visitors and regeneration.
Revaluation of non-domestic rates
Land and Property Services (LPS) is revaluing all non-domestic properties in Northern Ireland for rates. A new Valuation List will come in to effect on 1 April 2020 based on rental values as at 1 April 2018.
The Revaluation does not increase income for the Council, it only redistributes the rates for individual properties (some properties rates will go up, some will go down and some will largely stay the same).