How your bill is calculated

Rateable value

The rates payable are dependant on the rateable value of the property on a  specific date, which is currently 1 April  2021. The rateable value is based on:

Before the 2023 revaluation all non-domestic properties were revalued every five years to reflect the property market value for the period.

The Valuation Office, from 2023 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 2021.

Revaluation 2023

The current bills are based on the 2023 Rating List. The rateable values are based on a valuation date of 1 April 2021.

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

More information

 

National multiplier

To calculate how much rate you need to pay, the Council will multiply the rateable value of the property with the national multiplier. 

The multiplier set annually by the Welsh Government,

Except in a revaluation year cannot rise by more than the rate of the increase in the retail prices index.

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 is incorrect, or that your circumstances have changed, for further information:

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