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Business Rates rateable values

Every business property that is subject to Business Rates is assigned a rateable value by the Valuation Officer. Although the rateable value is a key factor in the calculation of the Business Rates bill, it is not the Business Rates bill. The total rateable value for Business Rates properties in Eden District for the financial year 2015-2016 is estimated at £53.4 million. Any queries regarding how your rateable value has been worked out should be addressed to the local valuation office at:

  • Contact: Valuation Officer
  • Address: Valuation Office Agency, Stocklund House, Castle Street, Carlisle, Cumbria CA3 8SY
  • Telephone: 03000-505800

Or, alternatively, find and check your business rates valuation on GOV.UK. This site also gives details of how to make an appeal if you think your rateable value is incorrect.

Business Rates rateable value appeals

If you believe the rateable value of your property is not correct, you can ask the Valuation Office to change it. For more information see GOV.UK web page Business rates appeals.

Please note that a disputed rateable value is not a reason for withholding payment of Business Rates. Be very wary if you are approached by anyone who offers to make a proposal to the Valuation Office to reduce your Business Rates in return for payment. If you wish to use such a third party to challenge your rateable value, please ensure they are regulated by one of the following:

  • Member of the Royal Institution of Chartered Surveyors (RICS)
    Telephone: 024 7686 8555
  • Institute of Revenues, Rating and Valuation (IRRV)
    Telephone: 0207 831 3505

From 1 April 2017 the Valuation Office Agency (VOA) is updating the rateable value of all business properties. This is known as a revaluation

The VOA generally reassesses all rateable values in England and Wales every five years, based on their open market rental value on a fixed date, although the last revaluation was in 2010. The next revaluation will be based on rental values on 1 April 2015.

Revaluation is done to maintain fairness in the system by redistributing the total amount payable in Business Rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall.

The VOA uses a wide range of property information, rental and other evidence to compare values across similar types of properties in order to set the rateable value.

Your draft rateable value and (for most properties) summary valuation will be published online on 30 September 2016, together with other information to help you understand more about your valuation. The VOA will not send out printed valuations for this revaluation.

You will be able to review your draft valuation online and tell the VOA if any details are incorrect, before we calculate your Business Rates bill from 1 April 2017.

Find and check your business rates valuation on GOV.UK- please note that this site will be very busy for the first few days and you may need to try several times before you can access your details.

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