REVAL 2020 AND REVAL 2023 

 REVIEW, APPLICATION AND APPEAL, WE'VE GOT YOU COVERED 

What is Reval 2020 and 2023?

Land & Property Services (LPS) undertook a General Revaluation of all commercial property (Reval 2020). As a result, circa 78,000 business property in Northern Ireland was valued and a new Net Annual Value placed on each property.

The value placed on a property is the value the property would have let on the open market on 1 April 2018.

The Department of Finance announced it is carrying out a General Revaluation of all commercial property in 2023 with the value placed on a property on the open market on 1 April 2021.

THINKING OF APPEALING YOUR RATES? REQUEST A FREE CONSULTATION TODAY

How can we help?

We offer a comprehensive beginning to end business rates consultancy service. Having spent time in Land & Property Services, our surveyors have a working knowledge of the local district valuers office and a working relationship with key stakeholders within the organisation. We are a firm of Chartered Surveyors Regulated by the Royal Institution of Chartered Surveyors (RICS). 

 

Our service offers a three-stage process:

  • First, review your current 2020 rateable valuation (net annual value), including rates payable. We will do background checks on your behalf, inspect your premises, provide an opinion of rateable value and report our findings. When the time comes we will do this for Reval 2023. 

  • Second, with your instruction, we will either challenge the rate or monitor the situation until you advise otherwise. 

  • Third, subject to the outcome of the first challenge, we will take instruction from you to make further representations, appeals and challenges. 

 

What is an Application?

Ratepayers have access to a redress mechanism, and the first stage is an Application to District Valuers for Revision of the Valuation List.

 

This is an opportunity to engage with a representative of the district valuer and put your case forward to support a change to the Net Annual Value.

 

What is an Appeal?

In the circumstances where a ratepayer is unhappy with the outcome of an Application to the district valuer, there is a further redress mechanism known as an Appeal to the Commissioner of Valuation.

 

This is an opportunity to engage with the Commissioner and put forward contentions for a change to the Net Annual Value placed on the property by the district valuer. 

What is an Appeal to the Lands Tribunal?

If a ratepayer is unhappy with the outcome of an Appeal to the Commissioner of Valuation, there is an opportunity to appeal to the independent Lands Tribunal for Northern Ireland. The Member for the Lands Tribunal hears appeals, and the hearing is a formal process. 

Our Experts have experience in preparing submissions and providing Expert Witness evidence to the Lands Tribunal. 

We can support you all the way from the initial review stage to the Lands Tribunal. 

Next Steps

Currently, you have an excellent opportunity to challenge Reval 2020 and prepare for challenging Reval 2023. We will provide the necessary support you need to ensure you pay as little and fair a rate as possible. 

 

We would welcome the opportunity to discuss this with you either over the phone or in person. We offer a FREE no-obligation consultation, and fees would only present themselves if we were to go down the appeal route and achieve rates savings.