
Valuation Tribunal
A Valuation Tribunal is an independent body that reviews appeals related to property valuations used for taxation purposes, such as local council tax or business rates. If property owners or businesses disagree with how their property's value has been assessed, they can ask the Tribunal to re-examine the valuation. The Tribunal considers evidence from both sides and makes a fair, impartial decision on the correct value. Its role is to ensure property assessments are accurate, helping to determine fair taxation based on property worth.