Rateable values revaluations

Part of: How business rates are calculated

What a revaluation is

Revaluation is a review of the rateable values of all non-domestic properties in England and Wales carried out by the Valuation Office Agency (VOA). This normally happens every 3 years. All rateable values are reassessed at a general revaluation.

The most recent revaluation took effect from 1 April 2023.

Revaluations make sure each ratepayer pays their fair contribution and no more, by ensuring that the share of national rates bill paid by any one ratepayer reflects changes over time in the value of their property relative to others.

Revaluation does not raise extra money for government.

Find out more about revaluations at GOV.UK

Transitional arrangements

The transitional relief scheme limits changes in rate bills as a result of the 2023 revaluation. Under the transitional scheme, limits continue to apply to yearly increases until the full amount is due (rateable value times the appropriate multiplier).

The scheme applies only to the bill based on a property at the time of the revaluation. If there are any changes to the property after 1 April 2023, transitional arrangements will not normally apply to the part of a bill that relates to any increase in rateable value due to those changes.

Changes to your bill as a result of other reasons (such as changes to the amount of small business rate relief) are not covered by the transitional arrangements.

The transitional arrangements are applied automatically and are shown on the front of your bill.

Contact the business rates team

Our phone line is open Monday, Tuesday and Thursday, 9am to 5pm.

The above address is for written correspondence only.

We are unable to see customers in person. Our Customer Services Centres can accept copies of documents but will not be able to answer any questions about your Business Rates.