The Valuation Roll
Assessors are responsible for revaluing all non-domestic subjects usually every five years. The last revaluation was on 1 April 2017. The values that are set then would normally remain the same unless the entry has been altered or other changes are made. The next revaluation is due on 1 April 2022 when it is expected that Revaluations will occur more frequently.
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.