Apart from properties that are exempt from Business Rates, each non-domestic property has a rateable value which is normally set by the Valuation Officers of the Valuation Office Agency (VOA), an agency of the Inland Revenue.
The Valuation Office Agency draws up and maintains a full list of all rateable values, available on their website.
- The rateable value of your property will be shown on the front of your bill.
- The rateable value broadly represents the yearly rent the property could have been let for, on the open market, on a particular date.
- This yearly rent has been re-evaluated from 1 April 2017, and the particular date chosen for the market value evaluation was set as at 1 April 2015.
- The Valuation Officer may alter the value if circumstances change.
- The ratepayer (and certain others who have an interest in the property) can appeal against the value shown in the list if they believe it is wrong.
Further information about the grounds on which appeals may be made and the process for doing so can be found on the VOA website, or from the Valuation Office. Their address is: Non-domestic Rates North East, Valuation Office Agency, Earle House, Colonial Street, Hull, HU2 8JN. Telephone 03000 501501.
Please note: If you submit an appeal against your rateable value, you cannot withhold payment, or any part of the payment, until your appeal has been settled.