Section 2: Alteration of valuation roll
14.This section creates a duty on assessors to apply the principal rule in the Act, imposed by section 1(1), to the valuation roll made up on 1 April 2017; and to make any change to the net annual value or the rateable value of any property which results from that (conversely, if there is no change to the value of a property as a result of the application of the rule from section 1(1), that property’s entry in the roll would not need to be altered).
15.Subsection (2) of this section provides that this duty applies even when the valuation roll made up on 1 April 2017 is no longer in force.
16.The effect of this section is that, for example, where the net annual value or rateable value of a property is reduced as a result of a matter occurring before 2 April 2020 which is attributable to coronavirus, the application of the rule in section 1(1) of the Act, read together with section 1(3), would require that reduction in value to be reversed as of 2 April 2020, with the assessor obliged to carry this into effect by altering the valuation roll to reflect the new revised value of the property from that date.
