Business Rates: Valuation
Commons · Question 102989 · Tabled 5 Jan 2026 · Treasury · Official record
Answered 13 Jan 2026
Question
Asked by Rupert Lowe
To ask the Chancellor of the Exchequer, what proportion of commercial properties she estimates will see an increase in rateable value following the forthcoming revaluation.
Answer
Answered by Dan Tomlinson, 13 Jan 2026
The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years...