A panel of judges stated the oil price collapse hasn’t undermined the value of commercial property in the North-east.
Lady Dorrian, Lord Malcolm and Lord Doherty heard an action at the Court of Session earlier this year which was brought by the Assessor For Grampian.
The assessor instructed lawyers to appear at Scotland’s highest civil court to appeal a decision made by the Valuation Appeal Committee (VAC).
A number of businesses won a ruling at the VAC in January 2017 after arguing the downturn in the Aberdeen area had been so severe it amounted to a “material change of circumstances”.
They argued the VAC should force a reduction in business rates.
The committee agreed and ordered rates be cut by 16.5%.
The Assessor believed there was no evidence for the VAC to conclude there had been a “material change of circumstances”.
The businesses believed the cut was too small and it should be reduced by a greater amount.
The judges ruled in favour of the Assessor.