Revaluation 2017
Revaluation 2017
In 2017, the government reviewed the rateable values (RV) for every non domestic property in England and Wales. The council had no control over this process.
If your RV has changed, there might be a cap on the increase or decrease. By limiting the percentage increase each year over the next few years, the change is brought in more gradually to help businesses adjust. To help pay for this, there is also a limit on how quickly bills are reduced, where the RV has gone down.
This cap will appear on your bill automatically as transitional relief or transitional surcharge. There is no need to apply.
Another revaluation is due in 2022. Some properties will not reach their full increase or decrease by this time, but their RV could change again.
If your RV has gone up
The following limits on yearly increases apply
|
Year |
Small property (RV up to £20,000) |
Medium property (RV £20,001 - £100,000) |
Large property (RV over £100,000) |
|
2017-18 |
5% |
12.5% |
42% |
|
2018-19 |
7.5% |
17.5% |
32% |
|
2019-20 |
10% |
20% |
49% |
|
2020-21 |
15% |
25% |
16% |
|
2021-22 |
15% |
25% |
6% |
If your RV has gone down
The following limits on yearly decreases apply
|
Year |
Small property (RV up to £20,000) |
Medium property (RV £20,001 - £100,000) |
Large property (RV over £100,000) |
|
2017-18 |
20% |
10% |
4.1% |
|
2018-19 |
30% |
15% |
4.6% |
|
2019-20 |
35% |
20% |
5.9% |
|
2020-21 |
55% |
25% |
5.8% |
|
2021-22 |
55% |
25% |
4.8% |