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 website.

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 see the  Rateable Value Letter - October 2016 [223KB]

For further information regarding transitional relief visit our page regarding discounts.

Contacts

• Phone: 01597 827463 (office opening hours 9am - 1pm Mon - Fri)
  
  The council tax/ business rates & awards service will only be taking calls between the hours of 9am till 1pm. We aim to have a full complement of staff during these hours to help improve call response times.
• Email: revenues@powys.gov.uk
• Write to us at: Powys County Hall, Spa Road East, Llandrindod Wells, Powys, LD1 5LG

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