Business rates revaluation
Revaluation is when the government adjusts the rateable value of business properties due to changes in the property market. The most recent revaluation was on 1 April 2017. The next one is due on 1 April 2023.
- all business properties have their rateable values reviewed
- multipliers used to work out your bill are revised
A change in your rateable value doesn't always mean a change in your bill.
How much your bill can change by
How much your bill can change from one year to the next depends on:
- your property's new rateable value
- whether your bill is increasing or decreasing after revaluation
You can find full information on how your bill can change on the GOV.UK website.