Business Rates: What is revaluation?
Generally every five years all non-domestic (business) properties are re-assessed and given a new rateable value. This is called the revaluation and the next one takes effect from 1st April 2017.
Revaluation does not raise extra revenue overall. Instead, the revaluation reflects changes in the property market across Wales and redistributes the same total tax liability for business rates. Some rates bills will rise, some will stay the same and some will fall.
You can see the list - and more information on the 2010 valuation - on the Valuation Office web site.
The draft 2017 valuations are being published on 30th September 2016,
CLICK: www.gov.uk/voa/revaluation to view your draft rateable value
For Further information regarding the revaluation
For further information regarding transitional relief click here