What is my rateable value and how can I find out what mine is?

The rateable value of a property is the amount of money a hypothetical tenant would pay in rent per annum as at the Antecedent Valuation Date (AVD). The AVD for the 2010 Rating List is the 1st of April 2008. In short, the rateable value of a property is the amount of rent that a tenant would pay for 1 years occupation as at the 1st of April 2008.

All business properties have a rateable value, which is determined by the Valuation Office Agency which is part of HM Revenues and Customs. You can look up your rateable value by going to the Valuation Office's website and entering your address details - click here to go there.

Can I appeal against my rateable value?

Yes. All commercial properties have a rateable value, determined by the Valuation Office Agency and they may change the rateable value of a property if they feel that circumstances have changed since the last valuation. Every appeal is different and each is judged on its own merits and circumstances. 

In cases where the Valuation Office Agency and a business ratepayer are unable to reach agreement about a change in rateable value, the matter can be referred as an appeal to a Valuation Tribunal. 

I have appealed against the Rateable Value of my property, do I still have to pay may rates in the interim?

Yes, rates are payable on the basis of the rateable value currently appearing in the list and you remain liable to pay the account sent to you until such time as the rateable value in the list is amended. If the value is reduced, any over payment will be refunded, together with any interest that might be due in certain instances.

Transitional Arrangements

All rateable values are reassessed every five years. To prevent ratepayers experiencing large increases in the amount due as a result of a national revaluation there are transitional arrangements which limit the annual increase to a prescribed percentage each year. 

My rent is inclusive of Business Rates, so why do I get the bill?

Liability to pay Business Rates rests with the person entitled to beneficial Occupation (i.e. the occupier) of a property, irrespective of any third party agreement. You should discuss this with your landlord, as agreements between Landlords and their Tenants are a matter between themselves and are not binding on a Local (or Billing) Authority in the event of any dispute between those parties. Should a tenant pay a rent that includes Rates, but the landlord does not pass those payments to the Council, the Tenant will still be liable to pay and may then have to take action to recover the monies paid to the landlord against the landlord.