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Rateable values will be re-assessed to ensure that bills paid by ratepayers reflect changes over time in the value of their property relative to other properties.
What is a revaluation?
The Valuation Office Agency regularly reassesses and updates the rateable values of all business properties usually every five years. This is called a Revaluation. This is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall.
How can I find out more?
The current rating list is based on the 2010 revaluation. The next revaluation will take place in 2017 based on rental values at 1 April 2015.
For more information on the 2017 Revaluation, rateable values, and business rates go to www.gov.uk/voa/revaluation.
You can also estimate your business rates bill, including any small business rate relief the local council may apply.
If you have reason to believe that your 2017 rateable value is not correct, follow the instructions provided on the site. You will need to do the following (not available until 1 April 2017):
• CHECK - review and confirm the facts about your property held by the VOA
• CHALLENGE – once the facts are established, explain why you believe your valuation is wrong.
An appeal on your 2017 rateable value is not possible, and may not be necessary, until you have completed CHECK and CHALLENGE.
- The Government announced last year that Small Business Rate Relief (SBRR) entitlements would continue to be doubled for 2016/17. It then announced in the 2016 Spring budget that the doubling of SBRR entitlements would become permanent from 1 April 2017, and the thresholds will increase to benefit a greater number of businesses. However, it should be noted that properties will be re-valued in 2017 and so rateable values may increase. Find out about Small Business Rate Relief (SBRR)
- The 2016/2017 standard non domestic rate multiplier from 1 April 2016 is 49.7p and the small non domestic rate multiplier is 48.4p
- The provisional 2017/2018 standard non domestic rate multiplier from 1 April 2017 is 47.9p and the small non domestic rate multiplier is 46.6p. The multipliers will be confirmed after either the Local Government Finance Report for 2017-18 has been approved by the House of Commons or 1 March 2017, whichever is earlier.
- Answers to many questions you may have about your bill can be found on these pages. More information about your business rates bill.
Tell us about a change
Information on business rates
- What are business rates and what are they used for;
- Business rates information for Brighton & Hove
- Completion Notices
- Common questions on business rates
- Find my property or a non domestic property rateable value
- Business rates Freedom Of Information requests - Credits
- Other services
- Your business rates bill explained