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Non-domestic Rates Revaluation

Non-domestic properties are normally assessed every five years and given new rateable values, based on rental values, for the purpose of calculating liability for non-domestic rates (also known as business rates).

The new rating list came into force on 1 April 2017.

Revaluations do not raise extra revenue overall. Instead, revaluations reflect changes in the property market across the country, and therefore redistributes the same total tax liability for non-domestic rates. 

Some rates bills will rise and some will fall, but legislation means the average national bill will only change with inflation.