{"id":262842,"date":"2024-06-23T19:13:22","date_gmt":"2024-06-23T19:13:22","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=262842"},"modified":"2024-06-23T19:13:22","modified_gmt":"2024-06-23T19:13:22","slug":"how-to-find-rateable-value-of-commercial-property","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/","title":{"rendered":"How to find rateable value of commercial property?"},"content":{"rendered":"<p>If you are a business owner or planning to start a new venture, knowing the rateable value of commercial property is crucial. The rateable value determines the amount you will pay in business rates, which are taxes imposed on non-domestic properties in the United Kingdom. This article will guide you on how to find the rateable value of a commercial property and answer some related frequently asked questions.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#How_to_Find_Rateable_Value_of_Commercial_Property\" title=\"How to Find Rateable Value of Commercial Property?\">How to Find Rateable Value of Commercial Property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#1_Is_the_rateable_value_the_same_as_the_market_value\" title=\"1. Is the rateable value the same as the market value?\">1. Is the rateable value the same as the market value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#2_Can_I_dispute_the_rateable_value\" title=\"2. Can I dispute the rateable value?\">2. Can I dispute the rateable value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#3_How_often_can_I_request_a_reassessment_of_the_rateable_value\" title=\"3. How often can I request a reassessment of the rateable value?\">3. How often can I request a reassessment of the rateable value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#4_Will_the_rateable_value_affect_my_business_rates_bill\" title=\"4. Will the rateable value affect my business rates bill?\">4. Will the rateable value affect my business rates bill?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#5_Can_I_estimate_the_rateable_value_before_starting_a_business\" title=\"5. Can I estimate the rateable value before starting a business?\">5. Can I estimate the rateable value before starting a business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#6_Are_there_any_rate_relief_schemes_available\" title=\"6. Are there any rate relief schemes available?\">6. Are there any rate relief schemes available?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#7_Can_the_rateable_value_change_during_a_rating_period\" title=\"7. Can the rateable value change during a rating period?\">7. Can the rateable value change during a rating period?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#8_What_is_Transitional_Relief\" title=\"8. What is Transitional Relief?\">8. What is Transitional Relief?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#9_Do_all_commercial_properties_have_a_rateable_value\" title=\"9. Do all commercial properties have a rateable value?\">9. Do all commercial properties have a rateable value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#10_Is_the_rateable_value_confidential_information\" title=\"10. Is the rateable value confidential information?\">10. Is the rateable value confidential information?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#11_Can_I_get_financial_assistance_to_pay_my_business_rates\" title=\"11. Can I get financial assistance to pay my business rates?\">11. Can I get financial assistance to pay my business rates?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#12_How_can_I_stay_informed_about_changes_in_rateable_values\" title=\"12. How can I stay informed about changes in rateable values?\">12. How can I stay informed about changes in rateable values?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Find_Rateable_Value_of_Commercial_Property\"><\/span>How to Find Rateable Value of Commercial Property?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\nTo find the rateable value of a commercial property, follow these steps:<\/p>\n<p>1. **Visit the website of the Valuation Office Agency (VOA)**, which is an executive agency of Her Majesty&#8217;s Revenue and Customs (HMRC) responsible for assessing and rating non-domestic properties. The VOA maintains an online service called &#8220;Find and check your business rates valuation&#8221; that allows you to search for rateable values.<\/p>\n<p>2. **Search for the property by address or postcode** on the VOA website. Enter the necessary details in the designated search fields to locate the property you are interested in.<\/p>\n<p>3. **Review the search results** and select the property that matches your requirements. The website will provide you with the rateable value assigned to that particular property.<\/p>\n<p>4. **Obtain detailed information** about the rateable value, such as the exact amount, any transitional relief eligibility, and other relevant details. This information will help you understand your business rates liability.<\/p>\n<p>It is important to note that the rateable value is typically reassessed and updated every five years. Therefore, it is crucial to keep track of any changes that could affect your business rates.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Is_the_rateable_value_the_same_as_the_market_value\"><\/span>1. Is the rateable value the same as the market value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, the rateable value of a property is the value assigned specifically for business rates purposes, whereas the market value is the estimated price at which a property would sell in the open market.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Can_I_dispute_the_rateable_value\"><\/span>2. Can I dispute the rateable value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, if you believe that the rateable value assigned to your property is incorrect, you have the right to appeal against it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_How_often_can_I_request_a_reassessment_of_the_rateable_value\"><\/span>3. How often can I request a reassessment of the rateable value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYou can request a reassessment only if there has been a material change in the property or its surroundings that could impact the rateable value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Will_the_rateable_value_affect_my_business_rates_bill\"><\/span>4. Will the rateable value affect my business rates bill?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, the rateable value directly influences the amount you will have to pay in business rates. Higher rateable values generally lead to higher business rate bills.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Can_I_estimate_the_rateable_value_before_starting_a_business\"><\/span>5. Can I estimate the rateable value before starting a business?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can usually obtain an estimate of the rateable value through the VOA website, even if you are not yet operating in the property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Are_there_any_rate_relief_schemes_available\"><\/span>6. Are there any rate relief schemes available?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, there are various rate relief schemes, such as Small Business Rate Relief (SBRR), which can help reduce the amount of business rates you have to pay.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_the_rateable_value_change_during_a_rating_period\"><\/span>7. Can the rateable value change during a rating period?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, the rateable value remains the same for the entire rating period unless there has been an alteration to the property or a significant error was made during the initial assessment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_What_is_Transitional_Relief\"><\/span>8. What is Transitional Relief?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTransitional Relief is a scheme designed to limit the impact of large changes in rateable values following a revaluation. It helps to ease the financial burden that a sudden increase in business rates could cause.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Do_all_commercial_properties_have_a_rateable_value\"><\/span>9. Do all commercial properties have a rateable value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nMost non-domestic properties have a rateable value, but certain types of properties, such as agricultural land and some buildings used for charitable purposes, may be exempt.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Is_the_rateable_value_confidential_information\"><\/span>10. Is the rateable value confidential information?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, the rateable value is available to the public and can be accessed by anyone interested in a particular property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_I_get_financial_assistance_to_pay_my_business_rates\"><\/span>11. Can I get financial assistance to pay my business rates?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDepending on your circumstances and location, you may be eligible for financial assistance from your local council to help cover your business rates.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_How_can_I_stay_informed_about_changes_in_rateable_values\"><\/span>12. How can I stay informed about changes in rateable values?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYou can subscribe to updates from the VOA to receive notifications about revaluations and other changes that may affect your business rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are a business owner or planning to start a new venture, knowing the rateable value of commercial property is crucial. The rateable value determines the amount you will pay in business rates, which are taxes imposed on non-domestic properties in the United Kingdom. This article will guide you on how to find the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How to find rateable value of commercial property?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-to-find-rateable-value-of-commercial-property\/#more-262842\">Read more<span class=\"screen-reader-text\">How to find rateable value of commercial property?<\/span><\/a><\/p>\n","protected":false},"author":66,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-262842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to find rateable value of commercial property?<\/title>\n<meta name=\"description\" content=\"If you are a business owner or planning to start a new venture, knowing the rateable value of commercial property is crucial. 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