The 2023 Revaluation Roll came into force on 1 April 2023 and contains revised rateable values, as well as details of ownership and occupation for all non-domestic property in Aberdeen City, Aberdeenshire and Moray Council Areas.
The 2023 revaluation rateable value was determined by the Assessor (who is independent of both local and central government) and is an estimate of the annual rent which the property would command on the open market as at 1 April 2022. The purpose of the national (now three yearly) revaluations is to update rateable values to more up-to-date rental levels. This creates a closer link between property values and the rateable values that are used to determine the amount of rates payable.
The valuation notice that is issued by the Assessor provides details of the property, ownership and occupation information and the rateable value. Notes that accompany the notice provide details of steps that can be taken if you want to challenge the rateable value.
Occasionally ratepayers mistake the valuation notice for a demand for payment of rates. The Assessor is not involved in the levy and collection of rates. To determine the rates payable, the rateable value is normally multiplied by the rate poundage and may also be subject to relevant reliefs. The national rate poundage is set by the Scottish Government and details of the rate poundage and reliefs can be found on the Scottish Government Website. The actual levy and collection of rates is carried out by the local councils; Aberdeen City Council, Aberdeenshire Council and Moray Council
Apart from updating rateable values at revaluations, the Assessor also amends values of existing properties that are altered, extended or subject to other material change of circumstances, and values new properties that are built. In these cases, the rateable values are still based on the levels of value that prevailed at 1 April 2022. This date is known as the Tone Date for the 2023 Valuation Roll.