Rateable value of your business
The Valuation Office Agency regularly updates the rateable values of all business and other non-domestic properties. This is called a revaluation.
Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2023 valuation, that date was 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.
The next revaluation will come into effect on 1 April 2026.
Contacting the Valuation Office Agency
We are responsible for anything to do with your business rates bill. The Valuation Office Agency is responsible for the valuation of your property. You will therefore need to contact the Valuation Office Agency for all queries about your rateable value. You can create a Business Rates Valuation Account on GOV.UK.
Find your rateable value
You are now able to see the future rateable value for your property and get an estimate of what your 2023 to 2024 business rates bill may be. You can do this through the Valuation Office Agency’s find a Business Rates Valuation Service on GOV.UK.
Your property details need changing
To tell the Valuation Office Agency about changes to your property details (such as floor area sizes and parking) you need a business rates valuation account. The Valuation Office Agency may accept your changes and update the current and future valuations.
You think your rateable value is too high
You will need to use a business rates valuation account to tell the Valuation Office Agency you think your rateable value is too high. You must continue to pay your business rates as normal until a decision has been made.
Ratepayers do not have to be represented in discussions about their rateable value or their rates bill. Appeals against rateable values can be made free of charge. Ratepayers who do wish to be represented should be aware that members of the Royal Institution of Chartered Surveyors and the Institute of Revenues, Rating and Valuation are qualified and are regulated by rules of professional conduct designed to protect the public from misconduct.