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News / Blog / Research & insight article

The Rating Revaluation


All 1.8 million non-domestic properties in the UK liable for business rates will be included in the re-assessment

Bob Gardner

We are pleased to announce our dedicated service to prepare businesses for the new rate liabilities which will take effect from 1st April 2017.  As part of the government’s new revaluation cycle, all 1.8 million non-domestic properties in the UK liable for business rates will be included in the re-assessment - all commercial, industrial and other business properties will be affected.

The Valuation Office Agency (VOA) is currently preparing new rating lists based upon information obtained from completed Forms of Return submitted by individual ratepayers. The first draft lists will be available to the public on 1 October 2016. The overall effect of the revaluation will vary over the country.

Bob Gardner Director of Commercial and Professional Services at Humberts says: “If your property is located in an area where rental values have increased above the national average since the last revaluation, your future annual rate liability will be proportionally greater. This will also be the case if your property is of a type which has increased in value more than other types.”

Estimates of the impact of the revaluation on rateable value



Offices (Prime)


London (Prime)




East Anglia




North West












South West




At the same time that the new rateable values come into effect on 1 April 2017 a new Uniform Business Rate will also be introduced, this is to ensure that the revenue raised from Business Rates remain fiscally neutral. This will be announced later in 2016 and is likely to again be different for large and small properties.

Bob Gardner continues: “We strongly recommend that you instruct a Chartered Surveyor who is a specialist and well experienced in rating matters to advise you on the implications of the revaluation and whether an appeal should be submitted. Due to the proposed changes to the appeal process and possible limited time allowed to submit an appeal, it is advisable that your instruction should be made at an early stage in order that the Chartered Surveyor can collect information, make other investigations, and is well prepared to make the appeal when the time comes"

Want more information? Download our guide

If you think your business could benefit from professional rating advice please contact us 

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With a strong background in marketing and new media, Matt leads Humberts digital strategy, joining the company in 2015.

Humberts marketing

Matt Roffe


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