25 March 2026
SHW - Business Rates Revaluation 2026
Business Rates, Business Space, Commercial, Industry News, SHW News
A new business rates revaluation will come into effect in England and Wales on 1 April 2026, updating rateable values (RVs) based on property market rental values as of 1 April 2024.
The 2026 revaluation will bring significant changes to bills, with overall rateable values increasing by an average of 19.2%, moving from £70.8 billion to £84.4 billion.
Here’s what you need to know:
Offices
- Nationally Office Rateable Values (RVs) have increased by 14%.
- The region with the largest increase nationally is Oxfordshire with an average increase of 28%.
- Central London saw an average increase of 14%, whilst Outer London areas saw an average increase of 18%.
- The combined Rateable Value for office properties in England is now approximately £17 billion.
- The South-East has seen an average Rateable Value increase of 16.5%.
Authority |
Percentage increase from 2023 List to 2026 List |
CroydonKings |
13% |
Merton |
27% |
Richmond upon Thames |
14% |
Sutton |
15% |
Wandsworth |
13% |
Kingston |
11% |
Elmbridge |
23% |
Tandridge |
18% |
Brighton and Hove UA |
15% |
Eastbourne |
40% |
Hastings |
16% |
Lewes |
19% |
Rother |
21% |
Wealden |
16% |
Tunbridge Wells |
23% |
Epsom and Ewell |
14% |
Mole Valley |
8% |
Reigate and Banstead |
10% |
Adur |
23% |
Arun |
19% |
Chichester |
13% |
Crawley |
22% |
Horsham |
14% |
Mid Sussex |
15% |
Worhing |
17% |
Retail
- Nationally Retail Rateable Values (RVs) have increased by 10%.
- The region with the largest increase nationally is Oxfordshire with an average increase of 18%, with the District of Cherwell seeing an especially high increase of 30%.
- Central London saw an average increase of 15%, whilst Outer London areas saw an average increase of 11%.
- The combined Rateable Value for retail properties in England is now approximately £15.4 billion.
- The South-East has seen an average Rateable Value increase of 9.3%.
- Two key towns in the South-East saw no increase in overall Rateable Value; Tunbridge Wells has seen a 0% increase, whilst Guildford has seen a 2% decrease.
Authority |
Percentage increase from 2023 List to 2026 List |
Croydon |
10% |
Merton |
12% |
Richmond upon Thames |
7% |
Sutton |
16% |
Wandsworth |
16% |
Kingston |
9% |
Elmbridge |
8% |
Tandridge |
18% |
Brighton and Hove UA |
14% |
Eastbourne |
3% |
Hastings |
13% |
Lewes |
13% |
Rother |
17% |
Wealden |
11% |
Tunbridge Wells |
0% |
Epsom and Ewell |
12% |
Mole Valley |
12% |
Reigate and Banstead |
8% |
Adur |
13% |
Arun |
12% |
Chichester |
0% |
Crawley |
10% |
Horsham |
11% |
Mid Sussex |
10% |
Worthing |
16% |
Industrial
- Nationally industrial Rateable Values (RVs) have increase by 21%
- The region with the largest increase nationally is greater Manchester with an average increase of 30%
- In outer London, Croydon faces the largest increase of 32% with Barnet facing the lowest at a 16% increase
- The combined Rateable Value for industrial properties in England is now approximately £22.3 Billion
- West Sussex on average has seen a 13% increase in RV, whereas East Sussex has seen an increase of 18%.
Authority |
Percentage increase from 2023 List to 2026 List |
Croydon |
32% |
Merton |
29% |
Richmond upon Thames |
18% |
Sutton |
27% |
Brighton and Hove UA |
19% |
Eastbourne |
16% |
Hastings |
19% |
Lewes |
22% |
Rother |
16% |
Wealden |
18% |
Tunbridge Wells |
15% |
Epsom and Ewell |
22% |
Mole Valley |
23% |
Reigate and Banstead |
35% |
Adur |
12% |
Arun |
11% |
Chichester |
16% |
Crawley |
15% |
Horsham |
10% |
Mid Sussex |
14% |
Worthing |
15% |
Wandsworth |
43% |
Kingston upon Thames |
27% |
Elmbridge |
32% |
Tandridge |
23% |
