Business rates rateable values
Every business property that is subject to Business Rates is assigned a rateable value by the Valuation Officer. 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 2017-2018 is estimated at £57.1 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: Non-Domestic Rates North West, Valuation Office Agency, Redgrave Court, Merton Road, Bootle, Merseyside L20 7HS
- Telephone: 03000 501504
Alternatively, find and check your business rates valuation on GOV.UK. This site also gives details of how to challenge an appeal if you think your rateable value is incorrect. Challenge your rateable value on GOV.UK.
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 business rates revaluation on GOV.UK.
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
The Valuation Office Agency (VOA) updated the rateable value of all business properties on 1 April 2017. This is known as a revaluation
The VOA update rateable values regularly. This is usually every five years. The latest revaluation was on 1 April 2017. Rateable values in the 2017 rating list are based on market rental valuations as at 1 April 2015.
Revaluation is done to maintain fairness in the system. This is done by redistributing the total amount payable in Business Rates and reflecting changes in the property market. Revaluation does not raise extra revenue overall.
The VOA uses a wide range of property information. It uses rental and other evidence to compare values across similar types of properties. This is in order to set the rateable value.
Your 2018-2019 Business Rates bill will also show the rateable value. The VOA won't be sending out notifications to individual ratepayers of these new rateable values.