The Valuation Office Agency may alter the value of your business property if the circumstances of the property change. The ratepayer (and certain others who have an interest in the property) may also propose a change in value.
You may appeal against the rateable value for your property:
- if you believe that your rateable value is incorrect,
- if a valuation officer changes your rateable value for any reason, and
- if there has been a "material change in circumstances" which you feel affects the value of your property, such as:
- a change in its physical state such as adding to or demolishing part of it,
- a change in its use,
- a physical change in the locality, or
- a change in the use of a neighbouring property.
If in any case the ratepayer and the valuation office do not agree, the matter will be referred to an independent valuation tribunal.
A successful appeal against new rateable values will be backdated to no earlier than the start of the financial year.
Further information about what happens when you make an appeal, using an agent to appeal and exceptions to the procedures described here are available from the valuation office website.
