Business rates revaluation 2026

A rateable value is the amount of rent a property could have been let for on a set valuation date. For the 2026 revaluation, that date is 1 April 2024. Your rateable value isn't the same as the rent you are paying on your property.

As your local council, we use these rateable values to calculate business rates bills. 

At a revaluation, business rates bills may increase, decrease, or stay the same. A rise in your rateable value does not necessarily mean your business rates bill will increase by a similar amount.