The 2020/21 valuations are based on valuations prior to the pandemic.
The 2020 general valuation has a relevant date of 1 January 2020 and is therefore based on market conditions at, and immediately before, that date. There is no basis under the Valuation of Land Act 1960 (the Act) for valuers to consider COVID-19 impacts when assessing statutory values for the purposes of the 2020 general valuation.
This means that rates assessment notices for 2020-21, to be issued from July to September 2020, will be based on valuations prior to the pandemic. Any market changes occurring now, or in the future, due to COVID-19 will be applicable to future revaluation cycles and reflected in subsequent rates assessment notices.