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Business rates revaluation

The Valuation Office Agency gives all non-domestic (business) properties new rateable values so local authorities can work out the Business rates.

The Valuation Office Agency (VOA) sets the rateable value of all non-domestic (business) properties so local authorities can work out the Business Rates.

The rateable values broadly reflect the yearly open-market rental value of each property on the valuation date.

The purpose of revaluation is not to change the amount of money collected in rates nationally, but to make sure that individual rateable values reflect the changes that have taken place in the property market since the last revaluation.

At revaluation the VOA produces a list of new rateable values and issues a summary valuation to individual businesses to explain how they have worked out their new rateable value.

The current revaluation came into effect on 1 April 2017 and all properties will have had their rateable value assessed on the valuation date of 1 April 2015.

If you have reason to believe that your 2017 rateable value is not correct,  as an owner or ratepayer, you can check and challenge the rateable value of your property at the VOA website and if you are still not satisfied you can lodge an appeal with the VOA -    Valuation Office Agency Website.