- Jun 7, 2004
- 18,106
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Rateable value is a very artificial valuation method. I don't know the details, but it doesn't bear much relationship to market value.Yeah I'm not in the least bit clued up on how all these valuations work. It just seems common sense that if they don't own the land/pitch that the stadium is worth less than if they did own everything. I was merely speculating that that could be one reason why their valuation is surprisingly low, but maybe it isn't factored into it.
If you think about it, if that kind of wheeze reduced the rateable value, a lot of landowners would do it to keep their business rates down. So the valuers would be bound to exclude that kind of thing from their valuation factors.