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Rateable value

A property's rateable value is set by the Valuation Office Agency (VOA).

Apart from properties that are exempt from Business Rates, each non-domestic property has a Rateable Value (RV). This is set by the VOA, an agency of His Majesty's Revenue and Customs.

For a full list of RVs, visit: VOA (GOV.UK).

Your property's RV is shown on the front of your bill. This broadly represents the yearly rent it could have been let for on the open market on a particular date.

Note: For the revaluation that came into effect on 1st April 2023, this date was set as 1st April 2021.

The VOA may alter the valuation if circumstances change. The ratepayer (and certain others who have an interest in the property) can:

Contact the VOA

For more details on how to contact the VOA, visit: VOA Contact Finder (GOV.UK).

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