Revaluation of rateable value

Assessors review rateable values every 3 years to reflect changes in the property market. This is called 'revaluation'.

All non-domestic properties get a new rateable value at revaluation. This new rateable value is used to calculate your non-domestic rates bill.

The last revaluation was on 1 April 2026.

The next revaluation is in 2029. A new rateable value will apply to your property from 1 April 2029. The assessor will base this on an estimate of your property’s open market rental value on 1 April 2028 (the tone date).

Your rateable value should stay the same until the next revaluation in 2029, unless there’s a material change to your property. 

Getting a new rateable value at the 2029 revaluation

The assessor will write to you about the revaluation of your property.

You’ll get:

• an estimate of your new rateable value (a 'draft valuation notice') sent by your assessor once the draft valuation roll is published on 30 November 2028
• confirmation of your new rateable value (a 'valuation notice') that applies from 1 April 2029 sent by your assessor – the new rateable value might be different from the draft value

There’s more information about valuation notices on the Scottish Assessors Association website.

Ratepayers can seek to pre-agree the rateable value before a revaluation. You should contact your assessor if you wish to discuss this.

Find information about the time frame for reaching a pre-agreement on the Non-domestic (business) rates roadmap on gov.scot.

If you think your draft valuation notice is wrong

Contact your local assessor to explain why you think your estimated rateable value is wrong (called 'making representations'). For example, if there have been changes to your property that affect its rental value.

You can find contact details for your assessor on the Scottish Assessors Association website or on your draft valuation notice.

The assessor might adjust your rateable value because of the information you give them.

If you think your valuation notice is wrong

You can challenge your confirmed rateable value if you think it's wrong.

Find more information about making a non-domestic rates proposal or appeal.

Revaluation Transitional Relief

The Revaluation Transitional Relief caps bill increases caused by the 2026 revaluation.

You do not need to apply for this relief relief except for the more generous Revaluation Transitional Relief specifically for eligible self-catering holiday accommodation

Find out how much Revaluation Transitional Relief you will get.