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Business Rates are worked out using a property’s rateable value based on its open market value. Rateable values are periodically reassessed to ensure the business rates system remains fair and reflects the changes in the property market. This reassessment is called a revaluation, and the last revaluation occurred in 2023 and is based on property values as of 1 April 2021. 

Any ratepayer with a query or dispute with their new RV must contact the Valuation Office Agency. 

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