Reform planned to domestic ratings system

Thursday, 18 December 2014 12:00

Reform to the Island's domestic rating system is being planned.

In January Treasury will ask Tynwald to fund the revaluation of over 40,000 domestic properties - with valuations based on capital values across nine different bands.

Treasury Minister Eddie Teare explains how people could be affected:

The department is looking to implement it by April 2016 - Chief Minister Allan Bell says it's a tight timescale:

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