Question 1117409
i think you would simply multiply the rateable value by the multiplier, which is 65 cents to the dollar.


25000 * .65 = 16250.


note that this multiplier looks very much like a busineess multiplier.


that is applied to a place of business.


the domestic rates appear to be much lower.


from what i understand, the rateable value is similar to an assessment of the value of your property for tax purposes.


you then pay the government a certain amount of money based on the tax rate, or multiplier, of that assessed value.


here's a couple of references that i found that might be helpful.


this first one is a calculator.


it's interesting that the business tax was pretty close to .65, although not right on.


<a href = "https://lpsni.gov.uk/calc/index.htm" target = "_blank">https://lpsni.gov.uk/calc/index.htm</a>


it looks like taxable rates and multipliers are used in the united kingdom.


here's another reference that explains a little about what the rateable value is all about.


<a href = "https://www.collinsdictionary.com/dictionary/english/rateable-value" target = "_blank">https://www.collinsdictionary.com/dictionary/english/rateable-value</a>


there are other reference on the web that you can find by doing a search.