Business rates revaluation

Business Rates 2026 revaluation

Every three years, the Valuation Office Agency (VOA) updates the rateable values of over 2 million commercial properties in England and Wales. This process is called a revaluation; it is intended to ensure business rates reflect changes in the property market.

The next revaluation comes into effect on 1 April 2026, using market values determined as of 1 April 2024. Visit the Valuation Office Agency to find a business rates valuation.

About rateable value

It’s the estimated annual rent your property could have been let for on the valuation date. It is not the same as the rent you currently pay. Wokingham Borough Council uses these rateable values to calculate your business rates bill.

Following completion of the revaluation, the VOA will publish a full list of all non-domestic properties.

Transitional Relief

To support ratepayers facing large bill increases at the revaluation the government is introducing a redesigned Transitional Relief scheme worth £3.2 billion.

Transitional Relief supplement

A 1p supplement to the relevant tax rate for ratepayers who do not receive Transitional Relief or the Supporting Small Business scheme to partially fund Transitional Relief. This will apply for one year from 1 April 2026.

Useful links

• Revaluation 2026 - everything you need to know
• Help with the 2026 business rates revaluation
• Estimate your business rates