National Non-Domestic Rates (Business Rates)
What are Business Rates?
Business Rates (or National Non-Domestic Rates), together with Council Tax and Central Government grants help to fund local services such as education, the emergency services, libraries, highways maintenance and many others.
Business Rates are collected by Harborough District Council but are paid directly to central government. The government then re-distribute the money raised from Business Rates back to councils in the form of a grant based on the population of the district.
The present Business Rates system was introduced in 1990 when all business properties were valued. A revaluation takes place every 5 years, the last one being in April 2005, the next one being in April 2010.