Valuation List impacted by COVID-19. The new Non Domestic Valuation List that takes effect from 1 April is based on rental values and economic circumstances at 1 April 2018. On 28 March 2020 the NI Executive published Regulations that list essential businesses and services that are permitted to remain open to the public during the coronavirus (COVID-19) emergency. LPS is now considering what impact if any this may have on NAVs in the new Valuation List for those business who are subject to restrictions or closure. You do not need to contact LPS at this stage. More information will be provided on this web page in due course.
Land & Property Services (LPS) has completed the revaluation of all 74,000 properties for the 2020 Non Domestic Revaluation and released draft values online on 7 January 2020. The new Valuation List took statutory effect from 1 April 2020.
LPS has published the new Valuation List online on the Department of Finance web pages at www.finance-ni.gov.uk/landing-pages/reval2020
This online Valuation List is updated on an ongoing daily basis.