Business Rates frequently asked questions
What is the rateable value of a property?
The rateable value is assessed by the Valuation Office Agency, which is an agency of HM Revenue and Customs. 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. Until 31 March 2017, the rateable values will be based on a valuation date of 1 April 2008. From 1 April 2017, the rateable value based on the valuation date of 1 April 2015.