Property

9, Market Place, Shepton Mallet, Somerset, BA4 5AZ

Contents

Valuation

The government has introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. If you previously received Small Business Rates Relief, Rural Rate Relief, the Supporting Small Business scheme or Retail, Hospitality and Leisure relief, you may be eligible for the Supporting Small Business scheme, which caps your bill increases. Further details can be found here.

Future rateable value (from 1 April 2026)

£10,000

This will be the rateable value for the property. It is not what you will pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.

Estimate what the business rates bill may be from 1 April 2026

Valuations for this property

Valuations	Effective date	Rateable value
Valuations Future from 1 April 2026	Effective date 1 April 2026	Rateable value £10,000
Valuations Current 1 April 2023 to present	Effective date 1 April 2023	Rateable value £11,000
Valuations Previous 1 April 2017 to 31 March 2023	Effective date 1 April 2017	Rateable value £9,000

Valuation details

• Description: Offices and premises
• Local council: Mendip
• Local council reference: 816704104000
• Rating list: 2026
• Effective date: 1 April 2026
• Valuation scheme reference: 653415
• Base rate: £77.50
• Measurement method: Net internal area
• Transitional relief certificate issued: No
• Special category code: 203G

How the rateable value is calculated

The Valuation Office Agency (VOA) uses a ‘rental’ method to value offices.

The VOA gathers information about rents paid for offices. It analyses the information and works out a price per square metre for each floor area. It also considers things like rent free periods and improvements made by the tenant.

The price per square metre is multiplied by the property floor area to get the rateable value.

Features such as air conditioning and lifts may be shown separately in the valuation.

This property is part of valuation scheme 653415 which groups comparable properties together.

More about how business properties are valued

Offices floor areas

Description	Area m²/unit	£ per m²/unit	Value
Description First floor reception / entrance	Area m²/unit 39.8	£ per m²/unit £80.99	Value £3,223
Description First floor staff toilets	Area m²/unit 0	£ per m²/unit £0.00	Value £0
Description First floor office	Area m²/unit 25.5	£ per m²/unit £80.99	Value £2,065
Description Second floor office	Area m²/unit 6.7	£ per m²/unit £60.74	Value £407
Description Third floor internal storage	Area m²/unit 39.8	£ per m²/unit £36.85	Value £1,467
Description First floor staff toilets	Area m²/unit 0	£ per m²/unit £0.00	Value £0
Description Second floor mess/staff room	Area m²/unit 6.4	£ per m²/unit £60.74	Value £389
Description Second floor office	Area m²/unit 27.5	£ per m²/unit £60.74	Value £1,670
Description First floor internal storage	Area m²/unit 5.4	£ per m²/unit £56.69	Value £306
Description Second floor office	Area m²/unit 8.8	£ per m²/unit £60.74	Value £535
Total	Area m²/unit 159.9	£ per m²/unit	Value £10,062

Valuation

Total value	£10,062
Rateable value (rounded down)	£10,000

Help with future valuation

Your rateable value may change on 1 April 2026

The Valuation Office Agency (VOA) regularly updates the rateable values of all business properties in England and Wales to reflect changes in the property market. The next revaluation will come into effect on 1 April 2026.

You want to change something in this valuation

Sign in or set up a business rates valuation account to tell us that:

• your property details (such as floor area sizes and parking) need changing
• you think the rateable value is wrong

Sign in or set up a business rates valuation account

How to check and challenge your rateable value

How the rateable value is calculated

The Valuation Office Agency (VOA) uses a ‘rental’ method to value offices.

The VOA gathers information about rents paid for offices. It analyses the information and works out a price per square metre for each floor area. It also considers things like rent free periods and improvements made by the tenant.

The price per square metre is multiplied by the property floor area to get the rateable value.

Features such as air conditioning and lifts may be shown separately in the valuation.

This property is part of valuation scheme 653415 which groups comparable properties together.

More about how business properties are valued

The rateable value and your business rates bill

£10,000 will be the rateable value for this property set by the Valuation Office Agency.

It is not what you will pay in business rates or rent. Your local council uses the rateable value to calculate your business rates bill.

Business rates are used to partly fund local council services.

Estimate what the business rates bill may be from 1 April 2026

You may also be entitled to business rates relief.

Business rates relief

Some properties are eligible for discounts from the local council on their business rates. You have to contact your local council to see if you’re eligible and apply.

More about business rates relief

Contact your local council

You have another question about your valuation

Before 1 April 2026, send an enquiry.

Compare properties

Compare your property with others like yours and see their:

• rateable values
• rateable value calculations

Report a problem with this page.

If you are having trouble using this service, you can contact us for help.

Email address: ccaservice@voa.gov.uk