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7
THIRD SCHEDULE of the VALUATION ACT, 1869.
Showing the several classes into which the hereditaments inserted in a valuation list
under this Act are to be divided.
Maximum rate of
deductions.
Per cent.
or proportion.
Class 1.—Houses and buildings, or either of them, without land or
other than gardens where the gross value is under £20 25 or ¼th
„ 2.—Houses and buildings without land other than gardens and
pleasure grounds valued therewith for the purpose of
inhabited house duty where the gross value is £20 and
under £40 20 or 1/5th
„ 3.—Houses and buildings without land other than gardens and
pleasure grounds valued therewith for the purpose of
inhabited house duty where the gross value is £40 or
upwards 162/3 or 1/6th
„ 4.—Buildings without land which are not liable to inhabited
house duty and are of a gross value of £20 and under £40 20 or 1/5th
„ 5.—Buildings without land which are not liable to inhabited
house duty and are of a gross value of £40 or upwards 162/3 or 1/6th
„ 6.—Land with buildings not houses 10 or 1/10th
,, 7.—Land without buildings 5 or 1/20th
„ 8.—Mills and manufactories 33⅓ or ⅓rd
„ 9.—Tithes, tithe commutation rent-charge, and other
ments in lieu of tithe
„ 10.—Railways, canals, docks, tolls, waterworks, and gasworks
„ 11.—Rateable hereditaments not included in any of the
going classes To be determined in each case according to the circumstances and the general purposes of law.
The maximum rate of deductions prescribed in this schedule shall
not apply to houses or buildings let out in separate tenements, but
the rate of deductions in such cases shall be determined as in Classes
9, 10, and 11.
The effect of this scale will be to considerably increase the rateable
value of the parish. As regards the internal parochial charges, this
alteration will not materially affect the ratepayers, as no more money will
have to be raised, nor externally—that is, in respect to metropolitan and
other charges, inasmuch, as they have hitherto been levied on the basis of
the County rate, which has been considerably above the parochial rateable
value; and it is probable that no additional burden will fall upon the parish.
But this is a matter rather for speculation than for report, which
supposes to deal with the affairs of the past. By next Lady-day the
entire system throughout the metropolis ought to be in full operation,
and a uniform and equitable mode of assessment established.
The Great Eastern Railway Company have introduced a bill into
Parliament (since passed) to defer the period for the completion of the
extension from Shoreditch to Liverpool Street and other works to three