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How are properties revalued?

All properties were revalued based on the rental values as at 1 April 2015. This came into effect on 1 April 2017.

When properties are revalued and there is a large increase in your liability you may receive a transitional relief. Equally, if your liability decreases by a large amount you may have to pay a transitional premium.

The transitional relief scheme is used to phase in the increase/decrease in rates payable following the revaluation. This relief or premium is automatic and will be applied to your bill if the difference is within a specified percentage.

Following the 2017 revaluation, the transitional scheme runs for five years, after which time everyone pays the full amount (rateable value times the multiplier).

Transitional limits

Upward Cap
Year Small Medium Large
2017/18 5% 12.5% 42%
2018/19 7.5% 17.5% 32%
2019/20 10% 20% 49%
2020/21 15% 25% 16%
2021/22 15% 25% 6%
Downward Cap
Year Small Medium Large
2017/18 20% 10% 4.1%
2018/19 30% 15% 4.6%
2019/20 35% 20% 5.9% 
2020/21 55% 25% 5.8%
2021/22 55% 25% 4.8%

Note: these are year on year caps on increases. For instance, the maximum increase for small properties over 5 years would be 64%. But a small property with an increase of 7% would reach their full bill in year 2.

Small property: Rateable value less than £20,000
Medium property: £20,001 - £100,000
Large property: above £100,000

The scheme applies only to the bill based on a property at the time of a revaluation. If there are any changes to the property after the revaluation date, transitional arrangements will not normally apply to the part of a bill that relates to any increase in rateable value due to those changes. For further information please contact us.

Business Rates Section

Council Offices
SG13 8EQ

01438 242876