Revaluation

Revaluation is the regular review of the rateable values of all business and non-domestic properties. Assessors are required by law to carry out a revaluation of such properties every 5 years. New rateable values arising from the most recent revaluation took effect from 1 April 2010.

The Assessor must determine a Net Annual Value for every non-domestic property. In broad terms, the Net Annual Value is the Assessor’s assessment of the annual rent for a property, on the assumption that it was available on the open market on a set date. Rateable Value is derived from the Net Annual Value and for the majority of properties Rateable Value and Net Annual Value are the same. The values for the 2010 revaluation are based on a valuation date of 1 April 2008 and reflect market conditions that existed at that time.

Rateable Values

Details of rateable values of properties in Scotland are now available on the Scottish Assessors’ Association website at www.saa.gov.uk

You can check the rateable values of properties in Scotland by using the Rateable Value search facility on that site. This can be accessed from the SAA Home Page and from each individual Assessor’s Home Page.

Appeal Procedure

The Valuation Notice provides details of how to make an appeal.

However, if your property is located in Tayside and you have reason to believe that the valuation is incorrect you may contact us to discuss the matter. You may be able to reach agreement with the Assessor without having to submit a formal appeal.

If you do not agree with the outcome of your discussions with the Assessor you can still make a formal appeal. The final date for lodging an appeal in connection with the 2010 Revaluation is 30 September 2010.

Scottish Government Rates Calculator

The rateable value is used to calculate any liability for payment of rates. To calculate your bill you will need to multiply the rateable value by the poundage set by the Scottish Government and apply any reliefs to this.

Further information and a rates calculator is provided by the Scottish Government at www.scotland.gov.uk/revaluation