Rateable value
Business rates are based on your property’s rateable value. The Valuation Office Agency (VOA) maintains the Non-Domestic Rating List. This includes setting the rateable values of business properties. To understand why your property has a certain rateable value, please visit their website.
We use the rateable value and the business rates multiplier (set by central government) to calculate your business rates bill.
A property's rateable value is an assessment of the annual rent the property would rent for if it were available to let on the open market at a fixed valuation date.
From 1 April 2023, the rateable values are based on the valuation date of 1 April 2021.
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