Search site

We are improving your online experience and trialling a new home page. Take a look!

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.

The VOA produce a list of the new rateable values and issue a summary valuation to businesses to explain how they have worked out the new rateable value.

The next revaluation is due to come into effect on 1 April 2017 and all properties will have their rateable value assessed on the valuation date of 1 April 2015.

In October 2016 draft rateable values will be available, in most cases, online on the Valuation Office Agency Website. At this time, you should check that the details the VOA hold about your property are correct.