Subtracting or adding any other adjustments or payments you've already made.
Tax rates
Rate name
Rateable value
Tax rate
Basic property rate ('poundage')
Up to £51,000
49.8 pence
Intermediate property rate
£51,001 to £100,000
54.5 pence
Higher property rate
Over £100,000
55.9 pence
Rateable value
Local councils use the 'rateable value' of a property to calculate business rates.
How rateable values are calculated
Rateable values are calculated by assessors. This process is known as a 'valuation'. Each area in Scotland has its own assessor.
Assessors use different methods to calculate rateable values. For example, they might use information such as rent or floor space. Assessors will usually ask property owners, tenants or occupiers for this information. This is to make sure rateable value calculations are as accurate as possible.
Assessors will contact you for this information. You need to give it by law and may face a penalty if you do not. Contact your local assessor right away if you do not hold the information they ask for.
For most properties, rateable value is based on an estimate of the rental value of the property. Assessors take rental values from the same point in time, known as the 'tone date'. For current valuations this was 1 April 2022. The tone date for the next revaluation is 1 April 2025.
You can find out the rateable value for any rated non-domestic property at the Scottish Assessors website. Use the non-domestic rates calculator on the mygov. scot website to estimate your rates bill. You can also find out about any relief (discounts) your property may be eligible for.
Your annual business rate bill is calculated and collected by Land & Property Services. Non-domestic property in Northern Ireland is assessed on the basis of its rental value known as the Net Annual Value (NAV). The NAV of your business property will determine how much you will have to pay in rates.
Business rates are set by central government, which sets the multiplier, a pence in the pound value which is then applied to the rateable value, an estimate of the open market rental value a property could achieve on a specified date.
If you are having problems paying your business rates, your first port of call should be getting in contact with your council. If you notify them of your inability to pay before you miss a payment, you stand a much better chance of being able to negotiate some form of plan with them going forwards.
More late payments: When interest rates increase, businesses tend to be under more financial pressure and experience strained cash flow. This can result in them making payments later, affecting the payee business' cash flow in turn.
With this approach, properties are valued based on their potential for income and capitalisation rate or 'cap rate'. Cap rate is calculated by dividing a property's net operating income by its current value and considers factors such as the value of similar properties in the surrounding area.
What are they? The Assessor is required to enter in the Valuation Roll a net annual value and a rateable value for each non-domestic subject. For almost all categories of property, the net annual and rateable values are the same.
So, to calculate a rate, you must have two values changing, you fix a time, or any equivalent measure, and calculate their changes, then divide them. Your rate will tell you how the numerator variable changes with the denominator variable.
Commercial rates are calculated by multiplying the 'Rateable Valuation' of your property by a multiplier called the 'Annual Rate on Valuation' (ARV). The Annual Rate on Valuation is decided by Dublin City Council at its annual budget meeting.
Your rate bill is based on rates assessed from 1 April to 31 March. When you receive your domestic rate bill, you're responsible for paying the full amount within the rates year.
What is rateable value? The Scottish Assessors give all non domestic property in Scotland a rateable value, which is a legally defined valuation of a property, broadly based on an analysis of annual rental values.
Your business rates are calculated by taking the Rateable Value (RV) of your property and multiplying it by the current non-domestic rates 'multiplier' (or 'poundage'). For the financial year 2024-25 the multiplier is 0.562. The Valuation Office Agency (VOA) values properties and assigns the RV.
How rates contribute to public spending. The rates you pay contribute to public services such as health, education, justice and other regional services. To see an example of how a ratepayer's rates contribute to public services, go to: Example of how rates contribute to public spending.
It is long-term rates that affect investment spending. Lower interest rates for consumers mean more spending. Lower interest rates for business mean increased production of goods, and the creation of new jobs for the people who produce, sell, and deliver the goods.
Rates are not payable for three months from either the date a non-domestic property becomes empty or the date Land & Property Services (LPS) has determined as a completion day. This is applied automatically. After the three month free period, rates will be billed at 50% of the normal occupied amount.
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