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  2. The next revaluation will come into effect on 1 April 2023 and will be based on values on 1 April 2021. This means that new rateable values will reflect changes in the rental property market over the six years between those two dates.
    valuationoffice.blog.gov.uk/2022/12/06/why-your-pr…
    The 2023 revaluation saw a 7.1% increase in the total rateable value (RV) on the local lists for England and Wales. The retail sector, as defined by the VOA, was the biggest winner, with a 10% reduction in rateable value, with offices seeing a 10.2% increase, and industrial properties with a 27.1% increase.
    www.altusgroup.com/insights/getting-to-grips-with-…
    On a general level, the following statistics published by the Valuation Office Agency, (VOA) summarise the changes that are set to be made to the rateable values from April 1st 2023: The total rateable value for England and Wales on the local lists increased by 7.1% Total rateable value for England was increased by 7.3%
    www.colliers.com/en-gb/news/blog-tenants-needs-t…
     
  3. People also ask
    Will there be a revaluation of business rates in 2023?For commercial property occupiers, one of the government’s most significant decisions has been to confirm that there would be a full revaluation of business rates on 1 April 2023 – the first revaluation since 2017. This will be based on property values as of 1 April 2021 – a year into the Covid-19 pandemic.
    Does the 2023 revaluation change the rateable value of non-domestic properties?This statistical release shows the change in the rateable value of non-domestic properties as a result of the 2023 revaluation, to reflect changes in the property market since the previous revaluation in 2017. The rateable value determined by the Valuation Office Agency (VOA) provide the basis for national non-domestic (business) rates bills.
    When will the revised 2023 rateables be published?The draft lists with the revised 2023 rateables will be published in December 2022, although your new business rates won’t come into effect until 1 April 2023.
    What is the rateable value of a property in 2023?Rents have increased significantly given this demand and the limited supply of this type of properties. Rateable values reflect this. In the 2023 list, the total rateable value is £2.43bn, with 1,550 properties. Distribution and logistics properties have seen an average increase in their rateable values of approximately 35%.
     
  4. Revaluation 2023 and business rates – Valuation …

    WEBNov 23, 2022 · Rateable values reflect this. In the 2023 list, the total rateable value is £2.43bn, with 1,550 properties. Distribution and logistics properties have seen an average increase in their...

  5. Revaluation 2023 and business rates | Journals | RICS

    WEBIn the 2023 list, the total rateable value is £16.3bn, with around 437,000 office buildings. These have seen an average increase in rateable values of around 10%.

  6. Business rates: the 2023 revaluation - House of Commons Library

  7. Colliers | 2023 Business Rates Rating Revaluation

    WEBThe 2023 Rating List values have been massively impacted by COVID-19 in both an upwards and downwards direction, dependent on the sector. Now is the time to review your assessment for the Revaluation, so that …

  8. The Future of Business Rates | Revaluation 2023 and …

    WEBBusinesses across the country will be cautiously anticipating their new rates bill as the first ever three year rating list comes into effect on 1 April 2023. Many will be hoping to see a reduction in their annual liability, while …

  9. The 2023 Business Rates: Getting To Grips With New Rateable …

  10. What do we know about the 2023 Business Rates …

    WEBOn 1 April 2023 – just six months away - the new rating list will go live. This 2023 Revaluation list is based on the rental value of your business and will affect your Rateable Value (RV), and the cost of your business rates bill …

  11. Why your property’s rateable value might change

  12. Why business rates will be big concern in 2023 | Journals | RICS

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