Rating list - The Rateable Value

What is the rateable value?

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 2023, the rateable values will be based upon a valuation date of 1 April 2015.
• From 1 April 2023, the rateable values will be based on the valuation date of 1 April 2021.

If you think your rateable value is incorrect, you can find and view your property details here.

If you have a query, please see our Revaluation 2023 page.

 

Understanding your 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 see How business rates are calculated | GOV.UK