# The Railways (Rateable Values) Order 1989, Article 10: Rateable values in 1990/1


The relevant maximum amount in respect of a class of hereditaments is the amount produced by calculating in accordance with the formula—
1.2AM and the relevant minimum amount in respect of a class of hereditaments is the amount produced by calculating in accordance with the formula—
0.895AM where
A is the amount specified in relation to that class in column 2 of the Schedule, and
M is the non-domestic rating multiplier applicable to that class in pursuance of paragraph 2 of Schedule 7 to the Act.

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Source: https://www.legislation.gov.uk/uksi/1989/2477/article/10 (the official version)
Page: https://openlegislation.uk/railways-rateable-values-order-1989/article-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.