Revaluation 2017

Revaluation 2017

The government has reviewed the Rateable Values (RV) for every non domestic property in England and Wales. Your bill for 2017/18 will be sent on 13 March 2017, showing the new amount you have to pay. Even though you might have a significant change in your Rateable Value, in real terms your bill will vary depending on a number of factors. For example, there are transitional arrangements designed to bring in the changes more gradually.

Estimate your bill

The council has no power to change your Rateable Value, so if you disagree with the assessment, you must follow the advice on the Valuation Office Agency website.

If your RV has changed a lot because of the government’s Revaluation, there might be a cap on the increase or decrease. This helps to introduce the change gradually over a period of several years. The support works by limiting the percentage increase each year. To help pay for this, there is also a limit on bills being reduced, where Rateable Value has gone down.

Some properties will not reach their full increase or decrease within five years, at which point the next Revaluation is due, and Rateable Values could change again.

It will appear on your bill automatically as transitional relief or transitional surcharge; there is no need to apply.

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%