IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

What do business rates measure?

  • Dominic Williams

    ()

Registered author(s):

    In the context of proposals to re-localize business rates, the article considers whether using business rates as a measure of economic activity would give rise to distortions caused by valuation methodology, liability to pay or by more general differences between property values and economic activity. Over the long term, property values have shown negative growth in real terms whereas GDP has grown around 2.5 percent p.a. Moreover, this overall difference in performance masks major distortions and differences between types of property, types of occupier and locations. It also distorts the relationship between business rates and GVA. This poses some big questions for the re-localization of local government finance but even more important questions for local economic development.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://lec.sagepub.com/content/26/3/145.abstract
    Download Restriction: no

    Article provided by London South Bank University in its journal Local Economy: The Journal of the Local Economy Policy Unit.

    Volume (Year): 26 (2011)
    Issue (Month): 3 (May)
    Pages: 145-156

    as
    in new window

    Handle: RePEc:sae:loceco:v:26:y:2011:i:3:p:145-156
    Contact details of provider: Web page: http://www.lsbu.ac.uk/index.shtml

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:sae:loceco:v:26:y:2011:i:3:p:145-156. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.