New rateable values for over two million non-domestic premises came into effect yesterday (1 April), which are typically commercial properties.
Local councils uses rateable values to calculate business rates bills, and note, this is not the same as what is paid in business rates or rent.
Every three years, the Valuation Office updates rateable values of non-domestic properties to reflect changes in the property market, called a revaluation.
Rateable values are based on how much it would cost to rent a property for a year on the set valuation date - for this 2026 revaluation that date was 1 April 2024.
You can see the rateable value of your property using the Government’s calculator here, however you will need a business rates valuation account to find more detailed information or request changes.
Provisional values for the 2026 revaluation were published on the 26 November last year to allow businesses time to plan for the following financial year. These will be used to calculate business rates bills from now until 31 March 2029, following the next revaluation.
If you think your rateable value is wrong, You can check the information used for your 2026 valuation and tell the Government. You can also read more about how to check and challenge your business rates here.
For questions about business rates bills, reliefs or payments, contact your local council.
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