The view as well as the solar exposure now have more weight in the formula that calculates the property value and the IMI (property rates) to pay. These factors now quadruple, going from 5% to 20%. On the other hand, the same factors, when considered for the reduction of property value, are worth 10%, a doubling compared to the prior coefficient which was in force at 5%.
IMI elements altered
15 Monday Aug 2016
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