Business Rates frequently asked questions
What is the rateable value of a property?
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. From 1 April 2023, the rateable value is based on the valuation date of 1 April 2021.
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