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Revaluation 2023 and relief schemes

All rateable values for business rates were reassessed in the 2023 revaluation, effective from 1 April 2023. Revaluations take place so that each ratepayer’s share of the national rates bill reflects changes in their property's value compared to others. Revaluation doesn’t raise extra money for government.

The next revaluation is due to take effect from 1 April 2026.

There are relief schemes to soften the impact of rates rises from the revaluation.

Part 2Transitional relief scheme

Page last updated: 12 March 2024

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