You can ask the Valuation Office to change your business's rateable value if you think it is incorrect or there has been some major change to the property. In other words, the valuation does not reflect the rental value of the property if it had been available for rent, on the open market, on 1 April 2008. This process is called 'making a proposal'. You should contact your local Valuation Office or visit the Valuation Office website if you want to make a proposal.
Before you do this, you should consider whether you have valid reasons for claiming that the rateable value is not correct. If you are not absolutely sure about your application, it could slow down the process.
When you make a proposal you must continue to pay the rate demand until a new rateable value is agreed. If there is a reduction, your local authority will refund any overpaid amount with interest.
After three months of making the proposal to change the rateable value, the matter is automatically referred to a relevant valuation tribunal who will hear and decide on the appeal. Ratepayers do not have to be represented in discussions about their rateable value or their rate bill. Appeals against rateable values can be made free of charge.
However, ratepayers who do wish to be represented should be aware that members of the Royal Institute of Chartered Surveyors and the Institute of Revenues Rating and Valuation are qualified and are regulated by rules of professional conduct designed to protect the public from misconduct.
Before you employ a rating adviser, you should check that they have the necessary knowledge and expertise, as well as appropriate indemnity insurance. Take great care and if necessary seek further advice before entering into any contract.
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