Rateable values

The rateable value of a property is set by the Valuation Office Agency, which is part of HM Revenue & Customs. The value is regularly reviewed to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market.

Finding my rateable value

You can find out how much your business rates will be by checking on the Valuation Office’s website and finding your property by postcode or address. If you think the information held about your property is incorrect, ask the Valuation Office Agency to update their records.

How business rates are calculated

Business rates are worked out based on your property’s ‘rateable value’.

Information on GOV.UK about how business rates are calculated.

Appealing my business’s rateable value

You may be eligible to challenge your property's rateable value.

Information on GOV.UK about how to appeal your business's rateable value.

The Valuation Office Agency may change the rateable value of your property if they feel that circumstances have changed since the last valuation.

If you cannot reach an agreement with the Valuation Office Agency about a change in rateable value, you can make an appeal to the Valuation Tribunal Service, but you must carry on making your usual payments until you’re told your new value.