The Valuation Roll
The Valuation Roll is a public document which contains an entry for all non domestic properties in the Assessor’s area except those specifically excluded by law. Each entry in the Roll includes the names of the proprietor, tenant and occupier as appropriate, the Net Annual Value which has been set by the Assessor and the Rateable Value. The Rateable Value is derived from the Net Annual value and as legislation currently stands, for the majority of properties, Rateable Value and Net Annual Value are the same. You can check the valuation Roll entry for any property in Scotland by using the search facility on the SAA Website Home Page.
Values are established at Revaluation, when the values of all properties are reviewed. Revaluation results in the production of a new Valuation Roll which contains revised values for all non domestic properties in the Assessor’s area. Following a Revaluation new values will generally remain unchanged until the next Revaluation, unless the property is altered or other changes take place. New properties are added to the Roll as they come into existence or are occupied and entries are deleted when, for example, properties are demolished.
The Assessor is required to notify proprietors, tenants and occupiers of all changes which are made to the Valuation Roll by issuing a Valuation Notice.
Valuation Notice
- In a year of Revaluation, or when the Valuation Roll is altered or a new entry is made, the Assessor is required to issue a Valuation Notice to the Proprietor, Tenant and Occupier named in the Roll. The Notice sets out details of the relevant entry and provides information on the time limits and rights of appeal which, after 01 April 2023, are initiated by making a proposal
Non-domestic rates bills are sent by the relevant billing authority who will use the final Rateable Value to arrive at the bill for the financial year 2023/24. Bills are calculated by multiplying the Rateable Value by a rate set by the Scottish Government known as the ‘poundage’. Information on billing and reliefs can be found at www.gov.scot/policies/local-government/non-domestic-rates/.
Non-Domestic Rates or Business Rates
Your local council uses the Rateable Value (RV) to calculate your rates bill. The Rateable Value is multiplied by the National Business Rate which is set by the Scottish Government on a yearly basis. If you have any questions regarding payments and the various relief schemes please contact your local council.
2023 Revaluation
Assessors are responsible for revaluing all non-domestic subjects usually every three years. The current revaluation took effect from 1st April 2023. The values that are set would normally remain the same unless the entry has been altered or other changes are made to the property. The next revaluation is due on 1st April 2026.
Licensing of Self Catering Units
Recent proposed changes to the licensing of self-catering units and the introduction of a short-term let control zone in Edinburgh, are currently out with the remit of the LVJB. The current Edinburgh Council guidelines for owners of self-catering units can be found here on their website.
This information should be updated in due course, to reflect these changes.
Rateable Values
There is a legal definition of a Rateable Value (RV), however broadly speaking, it represents an estimate of the annual rental value of a subject at a given point in time which is known as the tone date.
More information about rateable values can be found on the Scottish Assessors’ Association website www.saa.gov.uk.
Name / Physical changes to your Property
Information can be provided on-line using the Scottish Assessors portal website. If necessary a member of my team will contact you to arrange to see your property.
Valuation Notice
Following the Revaluation a formal Valuation Notice was sent to all interested parties shown in the Valuation Roll. The Notice contained the information that appears on Valuation Roll and details of how to appeal.
After the Revaluation the law directs the Assessor to issue a Valuation Notice to interested parties every time a change is made to the Valuation Roll and details of how to appeal.
