Your bill shows the rateable value that has been allocated to your property by the Valuation Office Agency (and not the council).
The rateable value of a non-domestic property represents its annual open market rental value: at 1 April 2003 as per the revaluation that came into effect on 1 April 2005.
All non-domestic property is revalued every five years.
Properties in mixed use, known as composite properties, will have a rateable value to reflect their non-domestic part, and a council tax band to reflect their domestic part. Composite properties are liable to pay both taxes, albeit on different parts, and so appear on both the valuation and rating lists.
The rating list may be inspected at the Valuation Office Agency's website.
The Valuation Office Agency can be contacted at
Northgate House, Sheep Street, Northampton NN1 2LL
Telephone: 01604 445900
Information on how to appeal:
For business rates see rateable values and appeals factsheet.
More information on how properties are valued for business rates is available on the Valuation Office website including information on how to appeal.