Message about use of cookies

We use cookies to improve your experience. By viewing our content you are accepting the use of cookies. Read about cookies we use


Business rates revaluations

What is a revaluation and where to find the latest valuation list

What is a revaluation?

Business rates are worked out using a property's rateable value, which in most cases is based on its open market value. The last revaluation took place in 2023.

Rateable values are periodically reassessed to make sure that the business rates system remains fair, and reflects changes in the property market.

2023 rating list (current list) - how can I find out more?

The Valuation Office Agency (VOA) published the current rateable values in a list that came into effect on 1 April 2023, based on property values as of 1 April 2021.

Your rateable value can be found on the VOA website.

You may also qualify for reductions on your business rates bill in certain circumstances:

Other reductions are also available and full details are available on our discounts, reliefs and exemptions page.

When is the next revaluation?

Revaluations will now take place every three years. The next revaluation will take place in 2026 and will be based on property values as of 1 April 2024.

The Valuation Office Agency (VOA) will publish the draft rateable values for the new 2026 rating list before the revaluation comes into effect.

Appealing your rateable value

You have the right to appeal to the Valuation Office Agency about your rateable value if you think it's incorrect, even if there haven't been any changes to the property or your business.

You can find and review your rateable value on the VOA’s website. If you have reason to believe that your rateable value is not correct, follow the instructions provided on the site. You'll need to do the following:

An appeal against your rateable value is not possible, and may not be necessary, until you've completed 'check' and 'challenge'.

You can find out more about grounds for an appeal and how the process works on GOV.UK's pages about business rates.