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 were published on 26 November 2025. You can 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.  

For further guidance, you can visit GOV.UK - Help with the 2026 business rates revaluation.

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.