Help:
We use the rental valuation method to value shops and other retail premises.
This method assesses the rateable value based on evidence of actual rents agreed between landlords and tenants, broken down to a price per square metre. We use the net internal area to measure the area to be valued.
Shops differ from other properties assessed in this way – such as offices - because we also use zones in the measurement of the property to help work out the price per square metre. This recognises that the most valuable part of the retail area is at the front, by the shop windows, and factors this in to the assessment.
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.