# The Railways (Rateable Values) (England) Order 2000, Article 5: Recalculation factor


(1) Where, in relation to a relevant year, the figure produced by the formula—
k-KK
in relation to a relevant hereditament is less than −0.05 or greater than 0.05, the recalculation factor in relation to that hereditament for that and every subsequent year is the figure produced by the formula—
T ( k − K K ) (2) In any other case the recalculation factor is 0.
(3) For the purposes of paragraph (1)—
k is the estimated relevant track length as at 31st March in the relevant preceding year;
K is the estimated relevant track length as at 31st March 2000;
T has the same meaning as in the definition of “the standard formula” in article 2(1).

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Source: https://www.legislation.gov.uk/ukdsi/2000/0110987195/article/5 (the official version)
Page: https://openlegislation.uk/draft-railways-rateable-values-england-order-2000/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.