Regional Rate Increases 2011-15

Regional Rate Increases 2011/12 to 2014/15

During the 2010 budget process the Executive agreed that domestic and non-domestic regional rate increases should be held in line with inflation over the four year period from 2011/12 through to 2014/15. In effect, regional rates would be frozen in real terms through until 31 March 2015.  

The measure used for inflation in this context, over the four years, is the GDP deflator at the time the budget was set.  Increases in the deflator over the four years, from 2011/12, are 2.5%, 2.2%, 2.7% and 2.7% (as at November 2010).

Regional rate increases, and corresponding rates, are therefore projected to be as follows (actual for 2011/12):

It is important to note that final decisions on regional rate increases are subject to Executive and Assembly approval before the start of each rating year, so the above table should not be considered as final - further confirmation should be sought each year.

If the Executive and Assembly agree to a 2.2 increase for 2012/13 the regional rate to be levied on non-domestic properties will be 32.15 pence in the pound. The regional rate to be levied on domestic properties will be 0.3780 pence in the pound.