Revaluation Transitional Scheme

There is a revaluation of non-domestic property every five years, (the last one was in April 2005) and new rateable values are given to each property.  Rateable Values normally change a good deal between each revaluation and are often affected by regional variations in the value of property.

Because the rates paid on a property are based on the valuation some properties would see a large rise in rates following a revaluation, while others would see a reduction.

To help to phase in the effects of these changes the transitional scheme was introduced which places a limit on the amount by which a bill can change following a revaluation.  Limits are placed on the amount by which a bill can reduce to help pay for the limits on increases.  The arrangements continue to apply to yearly increases and decreases until the full amount is due (based on the rateable value times the multiplier). 

Transitional arrangements apply only to the bill based on a property at the time of the revaluation. If there are any changes to the property after the revaluation date, transitional arrangements will not normally apply to the part of a bill that applies to any increase in rateable value due to those changes.

If you are entitled to any transitional protection is will automatically be calculated when we work out your bill.  You do not need to apply for it.

Further information about transitional arrangements may be obtained from the Department for Communities and Local Government (External link)website.