"According to Colliers the biggest winners from the list were film studios who saw their RVs reduce by 26.7% and who will also still receive reliefs, which have been extended to 2034. The biggest "losers" seeing steep RV rises appear to be the Civil airports whose RVs have increased by 295% in the new list, closely followed by Royal Palaces who saw increases of 201% , although these increases will be capped by transitional relief."
"Overall, the 2.13m properties in the local rating list in England and Wales have increased by 19.2% seeing cumulative RVs go from £70.78bn to £84.4bn. England seeing an overall increase of 19.4% and Wales 15.2%. The biggest overall increase in RV in England was seen in London at 22.3% and the smallest increase in the East Midlands at 16%. Even smaller was Wales at 15.2%."
The 2026 draft local rating list covers 2.13 million properties in England and Wales and increases cumulative rateable values from £70.78bn to £84.4bn, a 19.2% rise. England’s total RV rises 19.4% and Wales 15.2%. London records the largest regional rise at 22.3% while the East Midlands rises 16%. Sector changes include retail up 9.3%, industrial up 21.1%, offices up 14.3% and 'other' properties up 28.2%. Film studios’ RVs fall 26.7% and retain reliefs extended to 2034. Civil airports and Royal Palaces face steep increases but transitional relief will cap some rises. Multiplier rates in England have reduced while category numbers expand.
Read at London Business News | Londonlovesbusiness.com
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