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Water Rates Calculation Formula:
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Water rates in Wales are charges for water and sewerage services provided by Welsh Water (Dŵr Cymru). These rates are typically calculated based on the rateable value of a property multiplied by a specific factor determined by the water company.
The calculator uses the water rate formula:
Where:
Explanation: The rateable value is an assessment of the annual rental value of a property, while the factor is set by the water company and may vary based on location and service type.
Details: Accurate water rate calculation is essential for property owners and tenants to understand their water service charges, budget appropriately, and verify the correctness of their water bills.
Tips: Enter the rateable value of your property and the applicable factor provided by your water company. Both values must be positive numbers.
Q1: What is a rateable value?
A: Rateable Value (RV) is an assessment of the annual rental value of a property, historically used for calculating local taxes and utility charges.
Q2: How can I find my property's rateable value?
A: Rateable values can typically be found on your local council's website, your water bill, or by contacting your local valuation office.
Q3: Does the factor change annually?
A: Water companies may adjust the factor annually, so it's important to use the current year's factor for accurate calculations.
Q4: Are there different rates for metered vs unmetered properties?
A: Yes, properties with water meters are typically charged based on actual usage, while unmetered properties are charged based on rateable value.
Q5: Can I switch to a water meter in Wales?
A: Most properties in Wales can request a switch to a metered supply, which may be more economical depending on your water usage patterns.