2010 Revaluation
The Scottish Assessors are required by statute to revalue all non-domestic property in Scotland every five years. The last non-domestic revaluation took effect from 1 April 2005.
The purpose of a revaluation is to update rateable values to reflect current rental levels. The 2010 Revaluation will be based on rental levels as at 1 April 2008. Revaluations result in the production of a new valuation roll which contains revised rateable values for all non-domestic lands and heritages in Scotland.
Ratepayers who are unhappy with the rateable value assigned by the Assessors to the property they occupy have a right of appeal to a Valuation Appeal Committee, Lands Tribunal and ultimately to the Lands Valuation Appeal Court.
Links
Setting the decapitalisation rates for the 2010 Revaluation - a consultation paper
Legislation on HMSO Website
The Valuation Appeal Committee (Procedure in Appeals under the Valuation Acts) (Scotland) Regulations 1995