The rateable value is assessed by the Valuation Office Agency. 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 2023, the rateable values will be based on a valuation date of 1 April 2015
From April 2023, the rateable values will be based on the valuation date of 1 April 2021
We use these rateable values to calculate business rates bills.
Revaluations are carried out to reflect changes in the property market, which means that business rates bills are based on more up-to-date information.
We are responsible for anything to do with your business rates bill. The VOA is responsible for the valuation of your property. You will therefore need to contact the VOA for all queries about your rateable value.
If you think your rateable value is incorrect, you can find and view your property details online.
The draft list has now been published, and the new rateable value at Find business rates. You can also estimate your 2023 bill there.