How rates are calculated

Rates are applied to the rateable value of your property.

Both domestic and business properties are valued each year for Commission rates by an independent surveyor. Valuations are based on the annual rental value of your property. All properties are valued on the same basis and at the same valuation date.

Property valuations come into effect on 1 April each year with a one year antecedent valuation date.

Business property valuations may vary from those carried out for Local Authority Business Rate assessments both in terms of the valuation date and methodology applied.

Paving rates

To set the Paving Rate, the Commission estimates the cost of providing relevant services and maintenance for the estate to assess the yield required. This is then converted to a rate across the total value of relevant rateable properties on the estate. Each property’s contribution is calculated by multiplying the Paving Rate (expressed in pence/£) by the rateable value of the property. The Paving Rate is the same for all relevant properties during the year.

Garden rates

For those terraces that have their own gardens, the Garden Rates are set using the same method based on property values. The funds raised cover the costs of maintaining relevant gardens including the soft and hard landscaping features such as railings, walls or monuments. Therefore, instead of being a fixed rate for all properties across the estate, Garden Rates are based on the costs of maintaining each relevant garden individually. Since this will vary from garden to garden, the Garden Rate in pence/£ will be different for each terrace.

Colouring rates

Colouring Rates are an allocation of the cost of periodic painting programme for communal parts within the terraces, where this is the Commission’s responsibility, e.g. Chester and Cumberland Terrace arches. The allocation of cost is based on each property’s rateable value. Many terraces do not have such areas and so are not charged Colouring Rates. Colouring Rates will be chargeable following the next painting programme, expected to be 2026.

Is your rate assessment correct?
Most of the CEPC’s domestic property valuations are based on floor area. If you believe that the floor area quoted on your rate demand is incorrect and you are able to provide the CEPC with alternative professionally prepared evidence to support your view, please contact the CEPC. Where appropriate, we can then correct our data and your rate demand. If you provide the CEPC with your own evidence of floor area, we may still decide to confirm your measurements by arranging for our own survey of your property.

You can appeal against any rate levied on your property by the CEPC. Our statutes say that you must first pay the rate that has been demanded and then notify the Commissioners in writing, setting out the basis of your appeal. The Commissioners will then consider your appeal and, if they agree with your complaint, they will adjust your rates and make any necessary refund. If they decide not to adjust your rate, or if you are still dissatisfied, you may then appeal to your local Crown Court within 4 months of the Commissioners’ decision. The determination of the Crown Court will be final and binding. The Crown Court may award costs against you if you are not successful in your appeal.

Council tax and CEPC rates

CEPC rates are payable by residents in addition to Council Tax bills from either Camden or Westminster. Although at various times in the past, local councils have offered discounts to Regent’s Park residents to take account of the services provided by the CEPC, currently there is no agreement for this to happen. However, the CEPC continues to work to regain these discounts or to gain access for its residents to services funded by the local councils, as it has done for refuse collection and recycling.

Rates information

Information leaflets are published by CEPC each year for its ratepayers setting out the details of its budgets and the levels of rates applicable during the year. Please select the leaflet relevant to your property from those below.