Uniform Business Rate

The Uniform Business Rate (UBR) is a standardized property tax rate applied to commercial properties, used in some jurisdictions to calculate business rates or taxes. It ensures consistency by establishing a fixed rate per unit of property value, facilitating fair and straightforward taxation across different areas. Local authorities multiply the UBR by a property's rateable value (an assessment of its worth) to determine the amount owed. Think of it as a uniform fee that helps local governments fund community services, infrastructure, and amenities, based on the value of business properties within their jurisdiction.