Rateable value

Revaluation

Every 3 years the Valuation Office Agency (VOA) update the rateable values of commercial properties in England and Wales. This process is called revaluation and is aimed at making sure that business rates reflect changes in the property market.

The 2026 draft rating list has now been published by the Valuation Office Agency.

This may result in your bill going up, down or staying the same depending on your property's new valuation.

Get help with the 2026 revaluation on GOV.UK.

 

Rateable value

To work out your bill, the local authority starts by multiplying your rateable value by a factor known as the 'multiplier' or 'uniform business rate'. From 1 April 2026, following the Non-Domestic Rating (Multipliers and Private Schools) Act 2025, the way we calculate your business rates bill will change.

Instead of you being allocated 1 of 2 multipliers, there will be 5 multipliers.

You will be allocated 1 of the 5 multipliers depending on the:

  • rateable value of your property
  • use of your property

For 2026/2027 the multipliers are:  

  • Small Business Retail, Hospitality and Leisure (RHL) multiplier: 38.2p, rateable value under £51,000
  • Small Business Multiplier: 43.2p, rateable value under £51,000
  • Standard RHL multiplier: 43p, rateable value £51,000 to £499,999
  • Standard Multiplier: 48p, rateable value £51,000 to £499,999
  • High value multiplier: 50.8p, rateable value £500,000 or over

There may, however, be further calculations to go through because of transitional arrangements or reliefs or both.

If you are the ratepayer, the rateable value of your property will be shown on the non-domestic rates bill you have received. It is also shown in the rating list, copies of which are at the Town Hall, Market Place, Ripley, Derbyshire DE5 3BT.

Tel: 01773 841444
Email: nndr@ambervalley.gov.uk

and the local valuation office at Valuation Office Agency, Ground Floor, Ferrers House, Castle Meadow Road, Nottingham NG2 1AB

Tel: 03000 501 501

Anyone can inspect the list during normal office hours. For on-line users your rateable value can now also be inspected on the at www.gov.uk/government/organisations/valuation-office-agency.

The local valuation officer must tell you if he changes the rateable value of your property.

Can I appeal against my rating assessment?

If you think your rateable value is wrong, you can apply to the valuation officer to change it. To do this, you will need to make a 'proposal' to alter the rating list.

Forms for this purpose are available from your local valuation office:

Valuation Office Agency
Ground Floor
Ferrers House
Castle Meadow Road
Nottingham
NG2 1AB

Tel : 03000 501 501

If the valuation officer agrees with your proposal, or if you can reach agreement on another figure, the value will be changed. If he does not agree, or the matter is still unresolved after 3 months, the dispute will be passed to the local valuation tribunal as a formal appeal.

However, in many cases it may still be possible for an agreement to be reached before the tribunal hearing itself, as discussions can continue.

See the www.gov.uk/correct-your-business-rates and check your summary valuation which will show how your present assessment has been valued

You have to pay rates on the rateable value shown in the rating list even if you have appealed against it. But provided you have kept up with your payments, any overpayment you are found to have made when an appeal is settled will be refunded with any interest applicable.

Need further help or information?

Contact the team directly on 01773 841444 or email nndr@ambervalley.gov.uk