Apart from properties which are exempt from business rates, each non-domestic property has a rateable value. The Valuation Office Agency (VOA) set and maintain the rateable values.
The rateable value broadly represents the yearly rent the property could have been let for on the open market on a particular date.
The previous ratings lists and valuation dates are as follows:
- the 2010 list and was valid until 31st March 2017 has the rateable values based on the valuation date of 1 April 2008.
- the 2017 list which came in on 1st April 2017 has the rateable value based on the valuation date of 1 April 2015.
- the 2023 list which will start on 1st April 2023 has the rateable value based on the valuation date of 1 April 2021.
Find and correct your business rates valuation.
Understanding your rateable value
Business rates are based on your property’s rateable value. The Valuation Office Agency (VOA) maintains the Non-Domestic Rating List. This includes setting the rateable values of business properties. To understand why your property has a certain rateable value, please click: How business rates are calculated.
Appeals
You can advise the VOA of any changes to your property through your business rates valuation account.
Any person who does not agree with the rateable value may appeal against the value using the VOA’s Check, Challenge and Appeal process. Find out about grounds for appeal.
All appeals must be made to the Valuation Office and not Warwick District Council. Whilst your appeal is progressing you must still pay your business rates bill.