All rateable values are reassessed at a general revaluation to make sure that bills paid by any one Ratepayer reflect changes over time in the value of their property relative to others. This helps maintain fairness in the rating system by updating valuations in line with changes in the rental market. The Valuation Office Agency (VOA) is responsible for updating the rateable values of all business properties
The current rating system is based on the 2017 revaluation, which used the rental values at 1 April 2015. In the year of revaluation the multipliers are rebased to account for overall changes to rateable value and to ensure that revaluation does not raise extra money for government.
This decision is made by Central Government not the local authority. If you have an enquiry about your rateable value contact the VOA.
The Government introduced an improved Business Rates appeals system in April 2017. View more information on the Business Rates appeals system.
Local discretionary revaluation support scheme
A fund has been made available for businesses that face steep increases in their business rates bill as a result of the 2017 revaluation. For more information see the local discretionary revaluation support scheme.