How your bill is calculated

Rateable value

The rates payable are dependent on the rateable value of the property on a specific date, which is currently 1 April 2024. The rateable value is based on:

Before the 2026 revaluation all non-domestic properties were revalued every five years to reflect the property market value for the period.

The Valuation Office, from 2026 onwards, intends to move to re value properties every three years.

Until that time rateable values used will be as per the current list and based on a valuation date of 1 April 2024.

Revaluation 2026

The current bills are based on the 2026 Rating List. The rateable values are based on a valuation date of 1 April 2024.

If you think your rateable value is incorrect, please go to the UK GOV website:

More information

 

National multipliers 2026-27

From 1 April 2026, there are three multipliers which may apply to a property in Wales. The multipliers for 2026-27 are as follows:

  • a retail multiplier of 0.350, applicable to small to medium sized retail shops with a rateable value below £51,000
  • a standard multiplier of 0.502, applicable to most other properties
  • a higher multiplier of 0.515, applicable to properties with a rateable value above £100,000

Guidance on the application of these multipliers is available on the Business Wales website

The rate of the national multiplier for:

  • 2020/21 is 53.5 pence.
  • 2021/22 is 53.5 pence.
  • 2022/23 is 53.5 pence.  
  • 2024/25 is 56.2 pence.  
  • 2025/26 is 56.8 pence.  

Therefore, during 2020/21 if the rateable value of the property was £10,000 the multiplier of 53.3 pence is used to calculate the annual rate bill for the property which would be £5,350. 

 

Exemptions may apply where the property is eligible for discounts or reliefs

 

Disagree with the rateable value?

If you believe that the Ratable Value set for your property or the property use description category is incorrect, or that your circumstances have changed, for further information:

NOTE:The property description category is used to determine which multiplier is used to calculate the bill for your property. The Local Authority cannot change this description or initiate an appeal on your behalf with the Valuation Office. Therefore, it is important if you disagree with the description that you contact the Valuation Office as soon as possible.

If you do not agree with the outcome of the discussions, you have the opportunity to appeal, and for a hearing by the Valuation Tribunal.

More information

Further information can be found on the Valuation Office Agency website