How business rates are calculated
Revaluation
What is revaluation?
The Valuation Office Agency (VOA) regularly updates the rateable values of all business and other non-domestic properties (properties that are not just private homes) in England and Wales. This is called a revaluation.
Revaluations are carried out to reflect changes in the property market, which means that business rates bills are based on more up-to-date information.
The latest revaluation came into effect on 1 April 2023.