Land & Property Services have published the draft schedule of values for over 75,000 non-domestic properties in Northern Ireland- which allows firms to check what their rates bills will look like from 1st April 2026.
You can access your draft valuations here
NI Reval2026 rateable values are based on rental levels as of 1st April 2024. The valuation is not your rate bill, but is also informed by the regional rate, which is set by the NI Executive and the district council rate, which is set by the district council, and any reliefs you are entitled to, such as Industrial Rates Relief which manufacturing spaces fall under, will be applied to your bills automatically.
Land and Property Services have outlined the following information about Reval2026
- Overall growth in the valuation list of 15% across all property sectors.
- Office values have increased overall by around 9%, driven largely by growth in Grade A offices concentrated in Belfast.
- Across Northern Ireland, retail property values have increased overall by around 9% compared to Reval 2023, with stronger growth in Belfast and more moderate uplifts elsewhere. Many independent high street retailers will see no change in their NAVs.
- Strong demand from logistics and manufacturing, coupled with limited modern supply, has driven industrial and warehousing rents upward, resulting in an overall sector increase of around 16%.
- During the previous revaluation, the hospitality sector was significantly impacted by the pandemic, resulting in lower rateable values as at the valuation date. While some hospitality businesses will see a decrease in their valuation in Reval 2026, the majority will see a substantial increase due to factors such as improved conditions post-pandemic, expansion and improvement work to premises. This results in a wide degree of variance in the sector.
Typically, properties that have seen above average increases in their value will likely see their overall rating liability increase, resulting in a higher rate bill. Approximately 67% of properties, meanwhile, are at or below the increase of 15%.
Around 75% of non-domestic properties are currently entitled to some form of rate relief through schemes provided by the Department of Finance, through Land & Property Services, amounting to around a quarter of a billion pounds worth of relief.