Uniform Business Rate

DEFINITION of 'Uniform Business Rate'

A multiplier used in England and Wales to determine how much money owners of commercial and industrial properties must pay each year to their local governments. The rate, set by central government, is adjusted for inflation each year. It is multiplied by the property's free-market rental value to determine the sum owed. Each property's rateable value is adjusted every five years. While the funds are collected by local governments, they are pooled nationally and redistributed according to a population formula.

BREAKING DOWN 'Uniform Business Rate'

For 2009-10, the uniform business rate was 48.1% in England and 48.9% in Wales. London establishes its own rate, which was 48.9% in 2009-10. The rate for small businesses is slightly lower.



RELATED TERMS
  1. Earnings Multiplier

    An adjustment made to a company's P/E ratio that takes into account ...
  2. Gross Income Multiplier

    A rough measure of the value of an investment property that is ...
  3. Property Tax

    A tax assessed on real estate by the local government. The tax ...
  4. Institute Of Chartered Accountants ...

    A group of accountants and finance professionals who have met ...
  5. Form 4797

    A tax form distributed by the Internal Revenue Service (IRS) ...
  6. Property Management

    The administration of residential, commercial and/or industrial ...
Related Articles
  1. Budgeting

    Vacation Property Walkthrough: Renting Out A Vacation Home

    People who rent out a vacation home may do so to offset the expenses of ownership or to generate income (ideally a profit). There are several important considerations when deciding to rent out ...
  2. Home & Auto

    Your Property Tax Assessment: What Does It Mean?

    Property taxes are a primary source of revenue for governments, and they’re a big expense for homeowners. They can vary widely depending on where you live.
  3. Home & Auto

    What You Should Know About Real Estate Valuation

    Anyone involved in a real transaction can benefit from gaining a basic understanding of the different methods of real estate valuation.
  4. Investing Basics

    How To Value A Real Estate Investment Property

    Two common methods for real estate valuation are the discounted net operating income and gross income multiplier approaches.
  5. Budgeting

    Vacation Property Walkthrough: Selling A Vacation Property

    Planning ahead and good record keeping can help owners limit potentially costly errors when it comes time to sell a vacation property. Capital GainsTo claim the capital gains exemption, an owner ...
  6. Economics

    How Property Rights Affect Economies

    Property rights are laws governments create that enable investors to control, benefit from, and transfer property.
  7. Retirement

    Generate Income For Retirement with Real Estate

    Learn whether rental income is compatible with your lifestyle, how to identify suitable properties, common pitfalls to avoid and how to secure financing.
  8. Taxes

    Getting U.S. Tax Deductions On Foreign Real Estate

    If your home or second home is not in the United States, you can still get U.S. tax deductions. How many and what kind depends on whether you also rent it.
  9. Investing

    How Rental Property Depreciation Works

    It's a bit tricky, but a valuable tool to make your investment pay off.
  10. Home & Auto

    This Is How Property Taxes Are Calculated

    Understanding how property taxes work will ensure that you won't be overcharged.
RELATED FAQS
  1. What is the difference between the deposit multiplier and the money multiplier?

    Explore the deposit multiplier and the money multiplier, two fundamental concepts of Keynesian economics, and learn how they ... Read Answer >>
  2. How does monetary policy affect a bank's deposit multiplier?

    Find out how the Federal Reserve uses monetary policy to impact the deposit money multiplier for American banks, including ... Read Answer >>
  3. Why is the multiplier effect associated with Keynesian economics?

    Learn what the Keynesian multiplier effect is and how it provided a justification for increased government spending in the ... Read Answer >>
  4. How can I use the equity multiplier to determine if a stock is a good investment?

    Find out how investors use the equity multiplier ratio in fundamental analysis to determine whether a given stock is a solid ... Read Answer >>
  5. What does a large multiplier effect signify?

    Find out more about the multiplier effect, what it measures and what a large multiplier effect indicates about an economy. Read Answer >>
  6. Which is better: A high or low equity multiplier?

    Learn about the equity multiplier, how it is calculated, what it measures and why a low equity multiplier is preferred to ... Read Answer >>
Hot Definitions
  1. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  2. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  3. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  4. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  5. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  6. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
Trading Center