No, the rateable value is not the amount you pay.
Your local council will calculate and collect your business rates bill.
You can get an estimate of your rates bill for 2011-12 online. This will use your 2010 rateable value and your location to provide an estimate of your bill.
There are also several rate relief schemes available which may affect your bill. Your local council will administer these.
How your bill is calculated (3 mins) A clear demonstration of what is used to work out what you actually pay in business rates.
How we value pubs (2 mins) To get a fair valuation of pubs, we look at trade levels. This video shows what we take into account.
How we value using rents (2 mins) Most properties - shops, offices, industrial premises and so on - are valued this way. See how.
How we measure your property (2 mins) A look at what we take into account to get the right measurements
How zoning works (2 mins) Confused by zone A, zone B etc? This video explains it really simply.