The rateable value of a property is set by the Valuation Office Agency, which is part of HM Revenue & Customs.
Rateable values are based on:
- the rental value that a well maintained property would attract
- the floor area of the building
- the usage of the building
- the location of the building
Check the rateable value of a property in Poole
How business rates are calculated
The small business rate multiplier is £0.4666. This applies to properties with a rateable value of less than £51,000.
The larger multiplier of £0.479 is applied to properties with a rateable value of greater than £51,000.
For example, if your rateable value is £10,000 then your rates payable would be £4,660 (10,000 x 0.466 = 4,660).
Page last updated: 21 November 2018