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Revaluations and Appeals

All non-domestic properties are generally revalued every five years by the Valuation Office Agency. The most recent revaluation took effect from 1 April 2017

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Rateable Value

The rateable value is assessed by the Valuation Office Agency, which is an agency of HM Revenue and Customs. A property's rateable value is an assessment of the annual rent the property would rent for if it were available to let on the open market at a fixed valuation date.

  • Until 31 March 2017, the rateable values were based on a valuation date of 1 April 2008
  • From April 2017, the rateable values are based on the valuation date of 1 April 2015

Revaluations

The VOA regularly reassess and update the rateable values of all business properties, usually every five years. This is called a Revaluation. This is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall.

The VOA is contacting businesses to request rental information to support the next revaluation of business rates in England and Wales - Revaluation 2023

If you receive a request please complete and submit your up-to-date details. It is important to provide this information to ensure business rates are fair and accurate. You can find more information here Revaluation 2023

Can I appeal against my property's valuation?

The Valuation Office Agency (VOA) values all business properties for business rates. The valuation is based on information the VOA holds about your property. You can view and update this information here find a business rates valuation

You can contact the VOA here Contact the VOA If you are unable to use the online service you can also contact the VOA on 03000 501 501.

Advice and guidance can also be found on the Valuation Tribunal Website

View the latest Valuation List

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