Business Rates revaluation
What is a revaluation?
Every three years the Valuation Office Agency (VOA) updates the rateable values of over 2 million commercial properties in England and Wales. This process reflects changes in the market and is known as a revaluation. The next revaluation will come into effect on 1 April 2026.
Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2026 revaluation, that date is 1 April 2024. Your rateable value isn’t the same as the rent you are paying on your property.
As your local council, we use these rateable values to calculate business rates bills.
At a revaluation, business rates bills may increase, decrease or stay the same. A rise in your rateable value does not necessarily mean your business rates bill will increase by a similar amount.
In England, from April 2026, the government will create two additional, lower multipliers for retail, hospitality and leisure businesses. Local councils will be responsible for deciding which businesses are eligible, in line with government guidance.
Finding your 2026 rateable value
You can now view your property’s current and future rateable value through the VOA’s find a business rates valuation service on GOV.UK. You can use this service to see the details the VOA holds for your property and compare your property’s rateable value with similar properties in the area.
You can also get an estimate of what your future business rates bill might be from 1 April 2026. This gives you an indication of what your business rates bill might be and may not take into account any relief you might be eligible for.
Your property details need changing
To tell the VOA about changes to your property details (such as floor area sizes and parking) you need a business rates valuation account. The VOA may accept your changes and update the current and future valuations.
Sign in or register for a business rates valuation account
You think your rateable value is too high
From 1 April 2023 – All businesses in England need to have an account now to raise a challenge, you will need to use a business rates valuation account to tell the VOA you think your rateable value is too high. You must continue to pay your business rates as normal until a decision has been made.
While you can’t challenge your 2026 valuation until 1 April 2026, you can update the details the VOA has about your property or tell them if you think your valuation is wrong. You do this by raising a Check against your current valuation.
Check and challenge your business rates valuation: step by step
Working with a business rates agent
You can manage your business rates yourself. If you want to appoint an agent, the VOA has published information about how to choose a business rates agent.
If you want to authorise an agent to act on your behalf, you can appoint one using a business rates valuation account. Get more information on everything you need to know about this revaluation on the VOA’s website.
How can I find out more?
More information can be found on the GOV.UK business rates pages