The Rating of Land Values by James Dewsbury ChorltonThe Rating of Land Values by James Dewsbury Chorlton

The Rating of Land Values

byJames Dewsbury Chorlton

Paperback | January 16, 2012

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This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1907. Not illustrated. Excerpt: ... CHAPTER I. The Incidence Of Rates. Before a rate is levied in any district an assessment is made of the annual value 1 of all the immovable property in the district--that is, of the lands, buildings, mines, railways, etc., including certain movable things, such as some kinds of machinery which are let with and as part of an immovable structure. After the assessment has been made each spending authority in the district estimates the probable amount of its expenditure during the coming year (or half year), and then calculates the number of shillings and pence which must be demanded in respect of each pound of rateable value in order to make up the sum required. Thus the "rate in the pound" is fixed; and the sum of the rates in the pound levied by the various local spending authority is called "the rates." This last term, however, is often used to denote the total amount paid in respect of a property, and it is very convenient to use it in this sense. Generally (in England) the local authority looks for payment of rates to the occupier of rateable property, and has a remedy against him alone; and as between a landlord and tenant it is usual in a tenancy agreement to provide that the tenant shall pay the rates. There is, however, one wide exception to this rule. Under a system called "compounding" the owner of properties of small value may be rated instead of the occupier, either by agreement or by order of the local authority. In this case the owner pays the rates in the first instance, and then collects them from his tenants--that is to say, he increases, or tries to increase, his rents by the amount of the rates--and a certain percentage deduction is allowed to him to cover the cost of collection. Rates assessed on flats also are usually paid by the owner in the ...
Title:The Rating of Land ValuesFormat:PaperbackDimensions:52 pages, 9.69 × 7.44 × 0.11 inPublished:January 16, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217605117

ISBN - 13:9780217605113