The Rates (Making and Levying of Different Rates) Regulations (Northern Ireland) 2022

Regulation 3

SCHEDULE Formula

1.  In respect of the year ending on 31st March 2023 and each subsequent year, in making the district rates referred to in regulation 2, a district council shall consider whether to make a capital value district rate in accordance with the formula—

where—

A is the capital value district rate;

B is the net annual value district rate made by that council; and

C is the conversion factor for that council as set out in Table 1.

2.  In paragraph 1—

“capital value district rate”, in relation to a district council, means a district rate made by that council on the rateable capital values of hereditaments in the district;

“net annual value district rate”, in relation to a district council, means a district rate made by that council on the rateable net annual values of hereditaments in the district.

Table 1

Conversion factors for district councils

Council	Conversion factor
Antrim and Newtownabbey	0.015178
Ards and North Down	0.014870
Armagh City, Banbridge and Craigavon	0.017368
Belfast	0.013094
Causeway Coast and Glens	0.015656
Derry City and Strabane	0.016487
Fermanagh and Omagh	0.016807
Lisburn and Castlereagh	0.013937
Mid and East Antrim	0.014137
Mid Ulster	0.014368
Newry, Mourne and Down	0.016949