Rateable value

The rateable value is assessed by the Valuation Office Agency (VOA), 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 will be based on a valuation date of 1 April 2008.
  • From 1 April 2017, the rateable values will be based on the valuation date of 1 April 2015.

How do I find the rateable value of my property?

The rateable value of your property is shown on the front of your bill. If you think your rateable value is incorrect, you can find and view your property details on GOV.UK.

What is a revaluation?

The VOA regularly reassesses and updates 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.

For more information on the 2017 revaluation, rateable values, and business rates visit GOV.UK.

How do I appeal a rating assessment?

The valuation officer may alter the value if circumstances change. The ratepayer (and certain others who have an interest in the property) can appeal against the value shown in the list if they believe it is wrong.

Full details on your rights of appeal are available from the Valuation Office Agency. We can only backdate any business rates rebate to the date from which any change to the list is to have effect.

Further information about the grounds on which appeals may be made and the process for doing so can be found on the www.gov.uk website or obtained by emailing ratingnorthwest@voa.gsi.gov.uk.

The role of the Valuation Office Agency

The Valuation Office Agency sets the rateable value of business premises by using property details such as rental information. We use the rateable value and the business rates multiplier (set by central government) to calculate your business rates bill.