Revaluation 2010
Revaluation is the regular review of the rateable values of all business and non-domestic properties. Assessors are required by law to carry out a revaluation of such properties every 5 years. New rateable values arising from the most recent revaluation take effect from 1 April 2010. The Assessor must determine a Net Annual Value for every non-domestic property. In broad terms, the Net Annual Value is the Assessor’s assessment of the annual rent for a property, on the assumption that it was available on the open market on a set date. Rateable Value is derived from the Net Annual Value and for the majority of properties Rateable Value and Net Annual Value are the same. The values for the 2010 Revaluation are based on a valuation date of 1 April 2008 and reflect market conditions that existed at that time.
You can check the Rateable Values of most properties in Scotland by using the Rateable Value search facility on www.saa.gov.uk. Guidance on how your property has been valued is provided in SAA Practice Notes also Summary Valuations showing the calculations and steps used to arrive at your rateable value are available for the majority of shops, offices and industrial subjects. Both can be accessed on www.saa.gov.uk
Valuation Notices confirming the final values and providing information on Appeal Rights were issued on 16 March 2010.
What we do
Lothian Valuation Joint Board is a Public Body established in 1996 to provide valuation services to four councils :- City of Edinburgh, East Lothian, West Lothian and Midlothian.
The Board is responsible for compiling and maintaining two documents:-
- A Valuation Roll for every non-domestic property situated within the Authority. Non domestic rates are calculated and charged from the information contained in the Valuation Roll.
- A Council Tax Valuation List which includes an entry for every Dwelling(house), and this information forms the basis of the calculation for Council Tax Liability.
Together the Valuation Roll and the Council Tax Valuation List contain an entry for every property within the Authority. Assessors have traditionally also been appointed as Electoral Registration Officers as their detailed knowledge of each property enables them to identify where potential electors are living.
About this website
This site provides information on the operations of the Joint Board. To access this information, click on the appropriate function on the navigation bar on the left of each page. To find information quickly, click on the site map button at the bottom of the page.
Links to Local Government and other relevant sites can be accessed via the Contact Details section, which also provides telephone and other details of the Joint Board should you need more information.