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Business Rates - Rateable Value


Business Rates - Rateable Value

Business rates are charged on most non-domestic properties like shops, offices, pubs, warehouses, factories, holiday rental homes or guest houses.

Business rates are calculated by multiplying the 'rateable value' of a property with a national figure (a 'multiplier') which is fixed annually by the government.

The rateable value is the legal term for the notional annual rental value of a property (the value a business property based on the yearly rent it could have been let for, on the open market), assessed by the valuation officers of the VOA (Valuation Office Agency).


Additional Info

Field Value
Author City of York Council - Business Intelligence Hub
Maintainer City of York Council - Business Intelligence Hub
Schema KPI_Period


City of York Council