Revaluation

The 2017 revaluation of all non- domestic properties comes into effect in Scotland, England and Wales on 1 April 2017

The rateable value is determined by the Assessor (who is independent of both local and central government) and is his estimate of the annual rent, which the property would command on the open market at 1 April 2015.

The rateable value fixed in a year of Revaluation will remain effective until the next Revaluation (usually in five year’s time) but will be altered in the case of a successful appeal or if there is a material change of circumstances affecting the value of the property.