Guide

How business rates valuations are calculated

Introduction

Rates assistance for businesses impacted by COVID-19

The Finance Minister has announced an emergency £100 million rates package to assist businesses impacted by COVID-19. Find out more about COVID-19: Emergency rates package for businesses.

Your annual business rate bill is calculated and collected by Land & Property Services.

Non-domestic property in Northern Ireland is assessed on the basis of its rental value known as the Net Annual Value (NAV). The NAV of your business property will determine the amount of rates you will have to pay. Please note that your rateable value (NAV) is not your rate bill.

This guide explains valuation of a new property, valuing alterations to existing properties, specialist schemes that apply to some non-domestic properties and how to appeal your valuation if you think it may be incorrect.

To fully understand your business rates see business rates: the basics.

If you have a query regarding your business rates you should contact Land & Property Services. Please note: Following the Prime Minister’s announcement on 23 March 2020 about additional measures to limit the spread of COVID-19, Land & Property Services offices and phone lines will be closed from Tuesday 24 March until Wednesday 15 April. The closure will be kept under regular review and the dates will change in line with further Government announcements. Further information on service updates will be available on the LPS website.