The highest rates bill in Northern Ireland could rise to £25,000 a year, under new Stormont proposals.
By John CampbellNorthern Ireland's 8,000 most valuable houses are facing higher rates bills under new Stormont proposals.Rates are property taxes paid by households and businesses and are based on property values.
That means that large homes in more affluent areas of north Down currently pay the same rates as much more modest detached houses.If the cap was entirely abolished, it could raise an extra £11m to be shared between local councils and Stormont.However, many houses are just over the cap and would see an annual increase of less than £100, while a small number of houses would see five-figure annual payments.
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