Business Rates: Valuation
Commons · Question 127551 · Tabled 15 Apr 2026 · Treasury · Official record
Answered 24 Apr 2026
Question
Asked by Ben Obese-Jecty
To ask the Chancellor of the Exchequer, what is the methodology and the formula used in the current rateable value calculation.
Answer
Answered by Dan Tomlinson, 24 Apr 2026
The Valuation Office calculates a rateable value for each business property in England and Wales. A rateable value is an estimate of what it would cost to rent a property for a year, on a set date known as the Valuation Date.The methodology and approach u...