Rateable values

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 (2018/19)

The small business rate multiplier is £0.480. This applies to properties with a rateable value of less than £51,000.

The larger multiplier of £0.493 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 £4,800.

Which agency does what?

  • the Valuation Office Agency determines the rateable value on which your rates are based
  • the Government sets the multiplier and makes national rules about business rates
  • Borough of Poole are responsible for billing and collecting business rates
Page last updated: 31 December 2018
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