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Rateable value

Rateable value

Apart from properties that are exempt from Business Rates, each non-domestic property has a rateable value, which is set by the valuation officers of the Valuation Office Agency (VOA), an agency of the Inland Revenue. It draws up and maintains a full list of all rateable values, which are available on their website. A link to the VOA site can be found at the bottom of this page.  

The rateable value of your property will be shown on the front of the bill. The rateable value broadly represents the yearly rent the property could have been let for on the open market on a particular date. For the revaluation that came into effect on 1 April 2010, this date was set as 1 April 2008. 

The Valuation Officer has to maintain the list and may alter the value if he or she believes that the circumstances of the property have changed. The ratepayer (and certain others who have an interest in the property) can also appeal against the value shown in the list if they believe it is wrong. Further information on the grounds for making an appeal, and on how to make one, can be found on the VOA website or from your local valuation office: 

Lincoln Valuation Office
The Valuation Office Agency 
Queens Gate House 
12 Silver Street 
Lincoln 
LN2 1EW 

Tel: 03000 501501

The effect of successful appeals against values shown in the rating list that came into force on 1 April 2010 will normally be backdated to the beginning of the financial year in which they are made, although there are exceptions to this.  Further information about these arrangements may be obtained on the Valuation Office Agency website.

Non Domestic Rates

Revenues and Benefits
PO Box 1257
Lincoln
Lincolnshire
LN5 5PQ

Tel: 01522 873342
Email: revenues@lincoln.gov.uk

Sleaford Office Opening Hours

09:00-17:00 Monday -Thursday
09:00-16:30 Friday

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