What is a revaluation?
A revaluation is the review of the rateable values of all commercial and other non-domestic property in England at a particular point in time (Valuation Date). They are performed to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. For example, your properties rateable value change on 1 April 2017 will be based on data accrued from 1 April 2015.
A property’s business rates bill is based on a precise estimate of the premises’ rental value. Business rate bills are calculated using specific valuation methods. It is important for rateable values to be regularly updated through revaluations to ensure bills stay accurate.
|Revaluation Date||Valuation Date|
|1 April 2010||1 April 2008|
|1 April 2017||1 April 2015|
|1 April 2023||1 April 2021|
In response to the uncertainty caused by the Covid-19 pandemic, the revaluation scheduled for 2021 was postponed. The Valuation Office Agency have now completed their valuation for 2023, and you are now able to see your future rateable value by visiting Find a Business Rates Valuation Service on GOV.UK.
Can I appeal against my property’s valuation?
The Valuation Office Agency (VOA) values all business properties for business rates.; The valuation is based on information the VOA holds about your property. You can view and update this information via the VOA website.
Finding your rateable value
You are now able to see the future rateable value for your property and get an estimate of what your 2023/24 business rates bill may be. You can do this through the
VOA’s Find a Business Rates Valuation Service on GOV.UK.
Your property details need changing
To tell the VOA about changes to your property details (such as floor area sizes and parking) you need a business rates valuation account. The VOA may accept your changes and update the current and future valuations.
You think your rateable value is too high
From 1 April 2023, you will need to use a business rates valuation account to tell the VOA you think your rateable value is too high. You must continue to pay your business rates as normal until a decision has been made.
VOA contact details
You can contact the VOA online or if you are unable to use the online service, you can also contact the VOA on 03000 501 501.