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Why is my rateable value nothing like the rent I actually pay?

April 26, 2017actually pay rateable rent value

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Why is my rateable value nothing like the rent I actually pay?

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The rateable value is the assessment of the rent your property would fetch in annual rent if it were available on the open market on a particular date. The rateable value may be different to the rent you pay for a number of reasons for example, your rent may have been agreed at a different time.