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Glossary of Business Terms
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Rateable ValueA rateable value is applied to all non-domestic, that is to say, mostly business, properties. The figure is an assessment of the annual open market rent of the property, set on a fixed valuation date.
The current rating list came into effect on 1 April 2005 and is based on a valuation date of 1 April 2003.
See also Business Rates, Business Rate Relief, Rate Multiplier
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