Rate Bills For Northern Ireland 2017/18 Rolled Out
Rate bills were sent to businesses and homes across Northern Ireland last week.
The amount owed is for the billing period 2017/18, plus any unpaid arrears from previous years, along with any applicable rate relief.
If your circumstances have changed, or you think the bill is incorrect, or you are having problems paying, or you’re not the ratepayer, or you haven’t received the bill, contact LPS immediately on 0300 200 7801
There is information about how your bill is calculated, methods of payment, how to get help with paying your rates, as well as answers to a number of frequently asked questions, click here:
District Rate Subsidy
The District Rate Subsidy continues for those domestic and non-domestic ratepayers whose rates increased significantly with the merger of some councils in April 2015.
If you are eligible, the reduction will automatically be applied to and shown on your bill.
If you prefer to pay your domestic rate bill in full, a discount of 4% is available if LPS receives payment on or before the discount date of 16 June 2017. You must allow a minimum of five working days for payment to reach LPS.
How to pay
You can pay your rate bill online by clicking here. You can also pay your bill by Direct Debit over 10 months. You can set this up online by clicking here.
LPS offers a choice of three collection dates:
7th of the month
15th of the month
28th of the month
Full details of these and all other payment methods can be found at the NIdirect page.
If you are having trouble paying your rates, contact LPS immediately.
You can speak to LPS staff in person about your rate bill, or if you need assistance with paying your bill, by visiting one of the LPS Customer Information Centres at:
Lanyon Plaza, Belfast
Academy House, Ballymena
Boaz House, Omagh
Marlborough House, Craigavon
Orchard House, Londonderry
How is home equity calculated?
Home equity is calculated by subtracting the amount you still owe on your mortgage from the current market value of your home.
Can you have negative equity?
Yes. With standard loans, your home equity will increase over time. With negative-amortizing loans — a loan with monthly payments less than the interest rates — your equity decreases over time as your owed balance increases.