Apart from properties that are exempt from Business Rates, each non-domestic property has a rateable value, which is normally set by the Valuation Officers of the Valuation Office Agency (VOA), which is an executive agency of HM Revenues and Customs.

The VOA compiles and maintains a full list of all rateable properties together with the associated rateable values, which are available online at Valuation Office Agency (gov.uk).

The rateable value of your property will be shown on the front of your bill.

The rateable value broadly represents the yearly rent the property could have been let for on the open market on a particular date.

For the 2023 rating list this date was set at 1 April 2021. For the revaluation that comes into effect on 1 April 2026, this date was set at 1 April 2024.

The Valuation Officer has to maintain the list and may alter the value if he or she believes that the circumstances of the property have changed.

The ratepayer (and certain others who have an interest in the property) can also appeal against the rateable value shown in the list if they believe it is wrong.

Revaluation - 2026 Rating List

All rateable values are reassessed at a general revaluation.

The 2026 revaluation takes effect from 1 April 2026.

Revaluations make sure that each ratepayer pays their fair contribution and no more, by ensuring that the share of the national rates bill paid by any one ratepayer reflects changes over time in the value of their property relative to others.

Revaluation does not raise extra money for Government.

You can find more information online at Non-domestic rating: Reval 2026 draft list and background information (gov.uk).

Business rates - check your rateable value

We use the rateable value provided by the Valuation Office Agency (VOA) to work out your business rates bill.

You can check your rateable value and compare it with others online (voa.gov.uk).

You can also get in touch if you need to let them know of any issues.