Draft Valuation Notices
Why have I received a Valuation Notice?
All non-domestic properties will be revalued on 1 April 2023. This means that Assessors will set new Net Annual and Rateable Values for all non-domestic properties in Scotland based on rental levels as at 1 April 2022.
The Draft Valuation Notice that you have received shows the Net Annual and Rateable Value (NAV and RV) provisionally set to take effect from 1 April 2023 following a revaluation of the property. It is not a rates bill and the value may change. A Revaluation Notice will be issued in March 2023 and this will contain the final Rateable Value that your bill will be based on.
Non-Domestic rates bills are sent by the relevant billing authority who will use the final Rateable Value to arrive at the bill for the financial year 2023/24. Bills are calculated by multiplying the Rateable Value by a rate set by the Scottish Government known as the ‘poundage’. For more information on billing and reliefs click here.
In the meantime, Assessors will continue to review proposed values in response to new information received and any property changes applied between 30 November 2022 and 15 March 2023. Any change to the Draft NAV/RV can be viewed by selecting the ‘2023 Proposed Value’ tab displayed on the portal for each entry.
Rented Property Lists
Rented Property Lists are lists of addresses of let properties which informed the basic rate used to value a property. Information on how to check for a Rented Property List is available by clicking here.
Make Representations
For more information on what to do if you believe the Draft Valuation is incorrect, please click here.
