Business rates revaluation 2017

What is a revaluation?

The Valuation Office Agency (VOA) regularly reassesses and updates the rateable values of all business properties. This is usually carried out every five years and is called a revaluation.

The revaluation prior to 2017 happened in 2010.

A revaluation, reflecting changes in the property market, ensures that there is fairness in the system by re-distributing the total amount payable in business rates.

This process does not raise extra revenue overall.

Further information:

Last updated: 12/02/2024 14:54