What is a Revaluation?

The Valuation Office Agency (VOA) updates the rateable values of non-domestic properties in England and Wales every three years. This is known as a revaluation. Rateable values are the amount of rent a property could have been let for on a set valuation date, previous valuation dates have been set as follows:

Rateable values are used by local councils to calculate business rate bills. Using this value as a basis, local councils will apply a standard percentage or ‘multiplier’ and details of any reliefs and discounts to give the amount to be paid.  

Revaluations make sure that these bills are based on up-to-date information. 

A change in your rateable value does not always mean a change in your bill. 

The Valuation Office Agency have published a video with more information about the process: What is a revaluation? 
 

2026 Revaluation

The next revaluation comes it effect on 1 April 2026, and rateable values will be calculated based upon the amount of rent a property could have been let for on the valuation date of 1 April 2024.

The VOA are currently preparing the future values which will come into effect from 1 April 2026, but there are actions you can take now to be prepared. 

If you own a property that might be liable to pay business rates – here is everything you need to know about the 2026 Revaluation: Valuation Office Agency - Evaluation 2026 – everything you need to know.

Future rateable values for non-domestic properties that come into effect on 1 April 2026, will be published before 31 December 2025. Once published, you will be able to see details about these valuations through the VOA on your Business Rates Valuation Account GOV.UK - Registering for a business rates valuation account or through the GOV.UK - Find a Business Rates Valuation Service.  
 

Valuation Office Agency (VOA) contact details

You can visit GOV.UK - Contact VOA or if you are unable to use the online service, you can also phone the VOA on 03000 501 501.