What they are and what the appeal types are
Business premises are assessed by the Valuation Office Agency (VOA) for non-domestic rating purposes. This results in each being given a ‘rateable value’. The rateable value of a property is based on the rent that the property might reasonably have achieved on the open market at a certain date.
For the 2010 rating list the valuation date for rental evidence was 1 April 2008. The new rating list is in place from 1 April 2017. The valuation date for the 2017 rating list is 1 April 2015. The next rating list will be published on 1 April 2021 and every three years after that.
Local councils (billing authorities) collect the rates. The rates bill is made up from the rateable value and a ‘multiplier’, which is set by the Government. Then there might be discounts or ‘reliefs’ that are applied.
The Valuation Tribunal handles the following types of appeals against: