Out-Law News | 18 Aug 2014 | 5:12 pm |
Under the adopted charging schedule (16-page / 2.3 MB PDF) the district will be divided into five separate charging zones for residential developments. Affordable housing development will be charged a nil rate in all five residential charging zones.
For residential developments other than affordable housing developments, the applied rates will be: £70 per square metre in Newton Abbot, Kingsteignton and Kingskerswell; £85 per sq m in Dawlish; £125 per sq m in Teignmouth, Chudleigh and Bovey Tracey; £150 in south west Exeter; and £200 in rural areas.
Retail development in the town centres of Bovey Tracey, Chudleigh, Dawlish, Newton Abbot and Teignmouth will be charged a nil rate, with a rate of £150 per sq m applied to retail development in the rest of the district.
All other uses will attract a nil rate levy.
The draft charging schedule was recommended for approval by an examiner in April.