Rateable values

The Valuation Officer (Inland Revenue) compiled the Rating List which took effect from the 1st April 1990. The current List (2005 List) came into effect on 1st April 2005. The Rating Lists are available for inspection at the Council Offices.

Transitional phasing

A transitional phasing scheme has been introduced to limit significant increases/decreases in rateable value. The Government has set a national multiplier, limited to the increase in the retail price index each year. This scheme is intended to operate for the full five years of the valuation period. Each year the previous year's rates bill will be compared with the current year and if applicable, phasing will limit the increase or decrease.

Large changes to the rateable value, may take several years before the actual liability replaces the phased bill, and in a few cases phasing may even continue into a new valuation period.

The rate bill

Your rate bill is calculated by multiplying the rateable value of your property by the national multiplier. This calculation will be shown on your annual bill. If you receive an amended bill, it will show a "reason for bill" which should explain why it has been issued.

Follow this link to find out more about the calculation of business rates.

You can now view your business rates bill online. To do this you need to email us giving your business rates account number, company name and address. Once we receive this we can validate your information and send you a password so that you can see your bills online.

Please email the address below to request to view your bills online with the information shown above.

Once you view your council tax bill online we will not send you a paper bill unless you do not make a payment.

How is it calculated?

Every five years, the Valuation Officer is legally required to re-value all rateable properties to ensure that the rateable values keep in line with current market conditions. The rateable value is based on an estimate of the rent that the property could normally expect to fetch on the open market on a fixed date. This date is known as the Antecedent Valuation Date and is shown below for each List.