Non Domestic Rate Revaluation 2026

Every three years the Valuation Office Agency (VOA) updates the rateable values of over 2 million commercial properties in England and Wales. This process reflects changes in the market and is known as a revaluation.

The next revaluation will come into effect on 1 April 2026

Rateable values are the amount of rent a property could have been let for on a set valuation date. For the 2026 revaluation, that date is 1 April 2024. Your rateable value isn’t the same as the rent you are paying on your property.

As your local council, we use these rateable values to calculate business rates bills. 

At a revaluation, business rates bills may increase, decrease or stay the same. A rise in your rateable value does not necessarily mean your business rates bill will increase by a similar amount. 

Contacting the Valuation Office Agency 

As your local council, we are responsible for anything to do with your business rates bill including adding any relief you might be eligible for.

The VOA is responsible for the valuation of your property. You will therefore need to contact the VOA for all queries about your rateable value. 

Finding your rateable value 

You can now view your property’s current and future rateable value through the VOA’s find a business rates valuation service on gov.uk.

You can use this service to see the details the VOA holds for your property and compare your property’s rateable value with similar properties in the area.

What to do if you think your valuation is incorrect

If you think your valuation is wrong or want to make any changes to your property details (such as floor area sizes and parking) you will need a business rates valuation account.

While you can't challenge your 2026 valuation until 1st April, you can update the details of your property are wrong by raising a Check against your current valuation using your business rates valuation account.

Any changes made to your 2023 valuation could result in your rateable value going up or down. This may also affect your future valuation from 1 April 2026.

You have until 31 March 2026 to request any changes to your 2023 rateable value using your business rates valuation account. After 1 April 2026 you will only be able to make changes to your new valuation.

Working with a business rates agent

You can manage your business rates yourself. If you want to appoint an agent, the VOA has published information about how to choose a business rates agent.

Last Modified: 06/03/2026
For more information contact:

Business Rates

Tel: 01495 766125

Email: revenues@torfaen.gov.uk

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