Banner image with title NI Reval2023: Rebalancing business rates

NI Reval2023

At revaluation, Land & Property Services (LPS) adjusts the rateable value of business properties to reflect changes in the property market. This autumn LPS will revalue over 74,000 business properties to ensure business rates stay up-to-date and reflect local economic changes.

 

Businesses must now complete a Rent and Lease Questionnaire (RALQ). Complete your RALQ online by 31 December 2022 on NI Reval2023: Rent & Lease Questionnaires

 

The last revaluation of non-domestic properties in Northern Ireland was in 2020 and was based on April 2018 rental values. Once NI Reval2023 is complete, the rateable values will be in line with property rental values as at 1 October 2021. These values will be used to calculate rate bills from 1 April 2023.

    Key Dates to remember

    • 1 October 2021: This is the valuation date for NI Reval2023. LPS will begin to invite businesses to complete a Rent and Lease Questionnaire (RALQ)
    • 15 December 2021: Setting of Decapitalisation Rates Consultation closes
    • 31 December 2022: Deadline for businesses to complete RALQs
    • 1 April 2023: New rate bills issued. These will be based on October 2021 rental property values.

    If you any have queries about NI Reval2023 we are here to help. Get in touch using the online contact form.

     

     

     

    Rent & Lease Questionnaires

    Rent & Lease Questionnaires (RALQs) should be completed by 31 December 2022 ... more

     

    Frequently Asked Questions

    Find out answers to commonly asked questions ... more

     

    Calculating Business Rates

    View informational videos that show how we calculate Business Rates ... more

     

     

     

     

     

     

     

     

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