FranP
We decided to stay on non-metered, but Anglian Water penalise those who do with higher tariff. I called as mine in 3 x my neighbour's and they told m that metered would have saved me just a few pounds.
Point of interest they told me it was based on 1992 valuation of £227K!!! Worth £65K in 1996, I queried with VOA who told me that I could not query this, so I am stuck. The cost is about half of my entire council tax which covers education, police, roads etc etc - how can they justify, when they are still paying dividends?
FranP.
That doesn’t make sense to me but I think I may know what the issue is.
I am talking about the system in England.
Unmetered water rates are based on the rateable value of the property.
The domestic rateable value was the annual rent a property could achieve.
The last time properties were valued en-masse for domestic rates was 1973, so that’s the value water companies use for unmetered customers.
Domestic rates were replaced by council tax in 1993 based on 1991 market valuations - what a house could be sold for.
Obviously, if a property was built after 1973 but-pre council tax, a rateable value would have been assessed but other than that, 1973 rateable values were effectively frozen in 1990 before the valuations for council tax.
For comparison, the rateable value of my house was £372. I bought it in 1983. The Nationwide’s House Price Index says it was worth £106,000 in 1996 (compared to your £65,000).
This isn’t a precise science, of course, but unless something particular happened in your area to deflate property prices, and looking at this purely arithmetically, 65/106 x £372 would give your property a rateable value of £228.
So when you say £227,000, are you mixing up rateable value with market value?
As you are unmetered, the rateable value should be shown on your bill. Does it say 227?