How is my bill calculated?

How is my Rates Bill calculated?

The rates payable is calculated taking the rateable value of the property and the national non-domestic multiplier (also known as the rate in the pound or the uniform business rate). To calculate your bill we multiply your rateable value by the rate in the pound.

The current rateable value and multiplier are shown on your rates bill. The rates payable may vary if a relief, an exemption or transitional arrangements apply. See the reliefs section for more information.

The Rateable Value

Every non-domestic property has a rateable value, which is determined by the Valuation Office Agency (VOA). The rateable value is broadly representative of the amount for which the premises could be let.
The rateable value will remain the same (until the next revaluation) unless an amendment is required, for example if you extend or demolish part of your premises. It can also change if there is a successful appeal against the rateable value.

The VOA maintains all the rateable values in the local rating list.
You can view the rating lists online at the Valuation Office Agency website.
The VOA carries out a revaluation every five years.

What is revaluation?

The revaluation, or reassessment, of all rateable values is carried out by the Valuation Office Agency to ensure that they are kept up to date and reflect changes in the property market. The most recent revaluation came into effect on 1 April 2010 and the next revaluation is due to take place in 2015.