2024-05-14
Hotel Rateable Valuation 2024/25

The new Valuation List and Government Rent Roll are declared by the Commissioner of Rating and Valuation in the month of March and made available for public inspection thereafter up to 31 May of the year in which the List and the Rent Rill come into force. Any person who is aggrieved by an entry in the Valuation List or Government Rent Roll may object to the new rateable value by submitting a “Proposal” in the specified Form R20A (Proposal for Alternation of Valuation List or Government Rent Roll) to alter the entry in the Valuation List or Government Rent Roll on or before 31 May of the year. 

 

Rateable value is an estimated annual rental value of a property at a designated valuation reference date, assuming that the property was then vacant and to let from year to year, on the basis that the tenant undertakes to pay all usual tenant’s rates and taxes, whist the landlord undertakes to pay the Government rent, the costs of repairs and insurance and any other expenses necessary to maintain the tenement to a state to command that rent. 

 

Members can lodge a proposal to alter the new rateable value after the declaration of the Valuation List and Government Rent Roll from mid-March up to 31 May of the year. It should be made on the specified form From R20A which is available at the Enquiry Counter of the Department and the Home Affairs Enquiry Centres of Home Affairs Department. If you are paying rates and Government rent together, you only need to lodge proposal against the rateable value in the Valuation List provided that the rateable value for charging rates and rent is the same. However, if the rateable value for rent is different, you will need to object to both. 

 

The proposal must be submitted on or before 31 May of the year. The Commissioner has no discretion in accepting late submission of proposal. 

 

If you are not satisfied with the decision, an appeal can be submitted to the Lands Tribunal within 28 DAYS of the service of the Notice of Decision. A fee is payable on lodging the appeal.