At revaluation, the Valuation Office Agency (VOA) adjusts the rateable value of business properties to reflect changes in the property market.
It usually happens every 5 years. The most recent revaluation came into effect in England and Wales on 1 April 2017, based on rateable values from 1 April 2015.
You can check your valuation when you estimate your business rates.
What happens at revaluation
This means that a change in your rateable value does not always mean a change in your bill.
To make sure your valuations are accurate, you may need to give VOA up-to-date rental evidence for your property at revaluation.
Get business rates relief
You may be able to get a discount from your local council if you’re eligible for business rates relief.
For example you may be able to get: