How are my business rates calculated?
Each business property is prescribed a rateable value. This is independently assessed by the Valuation Office Agency. Since 1st April 2017, the rateable value of a property represents its annual open market rental value as at 1st April 2015.
You can search for the rateable value of any property on the Valuation Office Agency website.
The rate bill is calculated by multiplying the rateable value by the rate multiplier. The rate multiplier is set by Welsh Government and reviewed annually:
Business rates Multiplier
| Year||Multiplier |
Can I appeal against my rateable value?
The ratepayer (and certain others who have an interest in the property) can in certain circumstances propose a change in value. You will need to contact the Valuation Office Agency directly.
Valuation Office Agency Website