Rateable Value and multiplier
Rateable value is the rental value at which the property can be let for a whole year. It is computed by a valuation officer and is printed on the front of your bill. The rateable value is then multiplied with a multiplier to compute the Business rate. There are usually two multipliers; one is a standard, non-domestic multiplier and the other a is small business non domestic multiplier. The multiplier is revised every year in harmony with changing inflation rate and the cost of small business rate relief.
This method of computation of business rate holds good for areas that fall under the purview of all the Local Councils of London except 'City of London'. The 'City of London' local council may set its own rate higher or lower than what is set for areas outside this council.
Collection of Business Rate
The business rates are collected by the respective Local Council of the area, except for 'City of London' where it has nominated another company 'Liberata' for the collection of the business rates.
Location: The City of London Rates Section, Liberata UK Ltd, 4th floor, 125 Wood Street, London EC2V 7AN. View Map.
Contact: +44 20 7332 1318
Property Owner's Rights
You have the right to:
- Find property valuation of your property.
- Compare your valuation with others' properties.
- Amend your property details.
- Appeal your valuation or find your appeal information.
Click here for details.