Business Rates - Rateable Value Appeals
Apart from properties that are exempt from Business Rates, each non-domestic property has a rateable value set by the Valuation Office Agency, which compiles and maintains a full list of all rateable values
The rateable value of your property is shown on the front of your bill. The rateable value broadly represents the yearly rent the property could have been let for on the open market on a particular date. For the revaluation that came into effect on 1 April 2010, this date was set as 1 April 2008.
The Rating List and further details about rateable values are available from the Valuation Office Agency.
Rating Advisors and ratepayers do not have to be represented in discussions about their rateable value or their Business rates bill and appeals are free of charge. However, should you wish to be represented you should be aware that members of Royal Institute Of Chartered Surveyors and Institute of Revenues, Rating and Valuation are qualified and regulated by rules of professional conduct designed to protect the public.
The Valuation Officer may change the rateable value if the circumstances of the property have changed. The ratepayer (and certain others who have an interest in the property) can also appeal against the rateable value shown in the list if they believe it is wrong. This is free of charge.
You can make an appeal online on the Valuation Office Agency website. This guides you through every stage of the form , or you can download and fill in a form (there is separate guidance to help you fill it in) and send to the Valuation Office Agency by post. You need to provide reasons for why you are making an appeal. Give your reasons on the form, including the address and postcode of any other property you are comparing to yours.
Further information about making appeals can be found on the Valuation Office Agency's website or by contacting your local valuation office. For properties in the Basildon Borough the relevant details are, as follows:The Valuation Officer
Valuation Office Agency
CO3 3FH Telephone: 03000 501501
Fax: 03000 505454
Successful appeals against rateable values shown in the Rating List for 1 April 2010 could be backdated to that date if the proposal was made before 1 April 2015. Otherwise it will only be backdated to 1 April 2015. However, there are exceptions to this.
You must continue to pay your Business Rates while waiting for the outcome of an appeal against the rateable value. If your appeal is successful and you have overpaid your Business Rates, you will be entitled to a refund.