Business rates: 2023 Revaluation
The Valuation Office Agency (VOA) regularly updates the rateable values of all business and other non-domestic properties (properties that are not just private homes) in England and Wales.
This is called a revaluation.
Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2023 valuation, that date was 1 April 2021.
We use these rateable values to calculate business rates bills.
Revaluations are carried out to reflect changes in the property market, which means that business rates bills are based on more up-to-date information.
The next revaluation will come into effect on 1 April 2023.
Your property's valuation
South Tyneside Council are responsible for anything to do with your business rates bill.
The Valuation Office Agency however is responsible for the valuation of your property.
If you have any queries about your property's rateable value please contact the Valuation Office Agency.
Finding your property's future rateable value
To view the future rateable value for your property and see an estimate of what your 2023 / 24 business rates bill may be, see GOV.UK: Find your Business Rate.
If your property details need changing
If there has been any changes to your property details, such as floor area sizes and parking, you will need to tell the Valuation Office Agency.
This may change your current and future valuation.
You will need a business rates valuation account to do this.
GOV.UK: Sign in or register for a business rates valuation account
If you think your property's rateable value is too high
If you think your rateable value is too high please contact the Valuation Office Agency.
From 1 April 2023, you will need a business rates valuation account to be able to check this.
GOV.UK: Sign in or register for a business rates valuation account.
You must continue to pay your business rates as normal until a decision has been made.
You will not be able to appeal your future rate until after 1 April 2023.
How Coronavirus (COVID-19) affected future rateable values
The Valuation Office Agency bases most rateable values on an estimate of what it would cost to rent a property for a year, starting on a certain date.
For the 2023 valuation, that date was 1 April 2021. This was during the pandemic and the rent information they used reflected this.