What is your Rateable Value?

Valuation Office image

If you are the ratepayer, the rateable value of your property will be shown on the non-domestic rates bill you have received. It is also shown in the rating list, copies of which are at the Council Offices, Holt Road, Cromer, NR27 9EJ, and the local valuation office. Anyone can inspect the list during normal office hours. The local valuation officer must tell you if he changes the rateable value of your property.

For online users your rateable value for both the 1995 and 2000 rating lists can now also be inspected on the Internet on the Valuation Office website at www.voa.gov.uk - see the instructions below to take you directly to the appropriate pages.

Check your rateable value online

The Valuation Office website (above) provides rating lists for non-domestic properties. The links below will take you to the 1995 and 2000 listings.

Instructions on using the ratings list:

1. Click the relevant link below for either the 1995 or 2000 listing

2. Enter the postcode as NR26 9EJ (this is the postcode for your billing authority) into the relevant box

3. Click Find

4. Click on 'North Norfolk'

5. Once you are in, use your Assessment Number from your bill and enter this into the 'Property Ref' box to find your property

The valuation office displays the 1995 and 2000 lists as they both display lists of entries for non-domestic property for each Billing Authority Area. The 1995 Rating List had effect from 1st April 1995 until 31st March 2000 and was then superseded by a 2000 Rating List. Appeals may be made against any of the entries shown in the 2000 rating lists, from 1st April 2000 when the lists came into force. Appeals may also be made against the entries shown in the 1995 rating lists but only until 1st April 2001.

How Does your Rateable Value Affect Your Rates Bill

To work out your bill, the local authority starts by multiplying your rateable value by a factor known as the "multiplier" or "uniform business rate". The multiplier is fixed each year by the Government. Between revaluations the multiplier cannot increase by more each financial year than the annual rate of inflation (as at the previous September). For 2002/2003, the multiplier has been set at 43.7p. So if, for example, your rateable value is £10,000, the calculation for this year is £10,000 x 43.7p = £4370.00 - this is the amount you would have to pay. There may, however, be further calculations to go through, because of transitional arrangements or reliefs or both.