2023 business rates revaluation

Key information

The Valuation Office Agency (VOA) regularly updates the rateable values of business and other non-domestic properties (properties that are not just private homes) through a process called revaluation. 

Revaluations are carried out to reflect changes in the property market, which means that business rates bills are based on more up-to-date information. 

Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2023 valuation that's 1 April 2021. We use these rateable values to calculate business rates bills from 1 April 2023.

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