Rateable value

To work out your bill, the local authority starts by multiplying your rateable value by a factor known as the 'multiplier'.

There are two multipliers:

• Use the standard multiplier if your rateable value is £51,000 or more
• Use the small business multiplier if your rateable value is below £51,000

The multiplier is fixed each year by the government. Use the standard multiplier if your rateable value is £51,000 or more. Use the small business multiplier if your rateable value is below £51,000.

Multiply your rateable value by your multiplier. This shows you how much you will have to pay in business rates (before any relief is deducted). There may be further calculations to go through because of transitional arrangements or relief, or both.

Estimate your business rates - GOV.UK

Listed below are tables of the standard multipliers and small business multipliers for England for previous financial years and the current financial year.

Small business multiplier
Small business ratepayers have a lower multiplier. For more information on rates relief for small businesses please see business rates reductions