Revaluation of non-domestic rates

NI Reval 2023

Land & Property Services (LPS) is carrying out the revaluation of all Non Domestic properties to ensure that business rates stay up-to-date and reflect economic changes in the local property market. This follows the last Non-Domestic Revaluation which was in 2020. The new values will be based on a statutory rental valuation date of 1st October 2021. LPS will request business ratepayers to provide their rental and/or trading information in October 2021, via a Rent & Lease Questionnaire. The information collected will be analysed and used to produce new rateable values. These will be used to calculate business rate bills from April 2023. Further information on the NI Reval 2023 is available at NI Reval2023: Rebalancing business rates | Department of Finance (finance-ni.gov.uk)

Revaluation of non-domestic rates
Land & Property Services (LPS) has revalued all non-domestic properties in Northern Ireland for rates. A new Valuation List will come in to effect on 1 April 2020 based on rental values as at 1 April 2018. Further information on the revaluation is available from a November 2019 factsheet 

Draft valuations
LPS published draft valuations of all business properties in Northern Ireland on 7 January 2020. These are available to view online on the website of the Department of Finance.  LPS has also created briefing papers about the rates revaluation for each council area, including Fermanagh and Omagh. These are available on the Department of Finance website. 

 

LPS information videos
For further information on how LPS calculates business rates, for a closer look at business rates, assessing rates for retail units and assessing rates for licensed premises, please visit the Department of Finance website. 

New Valuation List
LPS has published the new Valuation List online on the Department of Finance website at www.finance-ni.gov.uk/landing-pages/reval2020.