We calculate your service charge contribution by using the rateable values of your property, block and estate and the total cost of the service.

What is the rateable value?

The rateable value (RV) is basically the floor space of the property, which was set by the Inland Revenue. This means a three-bedroom property will have a higher RV than a two-bedroom property as it's expected to be bigger.

Example calculation

An example of how the service charge would be calculated based on the following RVs:

• Flat RV: 213
• Block RV: 3384
• Estate RV: 121318

Estate charge

If the estate caretaking charge to your estate was £13,595.71, your contribution would be calculated as follows:

• 213 (flat RV) / 121318 (estate RV) x £13,595.71 cost = £23.87 (your contribution)

Block charge

If the block repair charge to your block was £813.62, your contribution would be calculated as follows:

• 213 (flat RV) / 3384 (block RV) x £813.62 cost = £51.21 (your contribution)

There may be some exceptions to the above and you are advised to contact the Home Ownership Service if you have any queries regarding the calculations.