London · 2025-26
Business Rates in Richmond-upon-Thames
Businesses in Richmond-upon-Thames paid £88.7m in net business rates during 2025-26, below the average English council's £93.2m.
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Relief granted in Richmond-upon-Thames
Share of £31.1m total relief, 2025-26.
Richmond-upon-Thames at a glance
Richmond-upon-Thames granted £31.1m in relief overall, higher than the national council average of £26.3m. This included £5.3m in Small Business Rate Relief and £7.3m in retail, hospitality and leisure relief.
A further £11.5m went to charity relief and £5.4m to empty property relief, reflecting the mix of ratepayers across the local authority.
Richmond-upon-Thames has an estimated 12,145 active businesses, according to the latest ONS Business Counts (2025).
Richmond-upon-Thames ranks 280 out of 296 local authorities in England on the 2025 Index of Multiple Deprivation, where 1 is most deprived and 296 is least deprived.
Following the 2026 revaluation, the total rateable value of retail property in Richmond-upon-Thames rose by 7.1% — if this pushed your assessment too high, an appeal may be worth considering.
Frequently asked questions
How much are business rates in Richmond-upon-Thames?
Richmond-upon-Thames's local authority collected £88.7m in net business rates income during 2025-26, based on the national multiplier applied to each property's rateable value, less any relief granted.
What reliefs are available in Richmond-upon-Thames?
Richmond-upon-Thames granted £31.1m in business rates relief in 2025-26, including £5.3m in Small Business Rate Relief, £7.3m in retail, hospitality and leisure relief, £11.5m in charity relief, and £5.4m in empty property relief.
How do I know if I'm overpaying?
If your rateable value looks high compared to similar properties nearby, or you're not currently receiving relief you may be entitled to, it's worth checking your assessment. Use our free checker to compare your rateable value and see if you may be eligible for a reduction or backdated refund.
Richmond-upon-Thames compared with London and England
- Average rateable value
- £39,824£25,097 below the London average (£64,921)£5,834 above the England average (£33,990)
- Largest sector by value
- Other commercial property, 42.6%18.8 percentage points above its 23.8% share in London
- Total rateable value, 2023 to 2026 list
- +14.2%London: +22.5%England: +19.6%
Counts and rateable values are from the stock of properties at March 2026, on the 2023 rating list. Changes are from the 2026 revaluation, comparing the 2023 rating list with the 2026 rating list.
Property mix
Richmond-upon-Thames comes 67th of 296 English councils on average rateable value (£39,824) and 22nd of 33 in London. The largest group of Richmond-upon-Thames's rateable properties is retail property (36.3%), yet other commercial property holds the largest share of value (42.6%).
Retail makes up 36.3% of Richmond-upon-Thames's rateable properties and 27.9% of its rateable value, both above the 28.9% and 19.7% across London. At March 2026, around 50 of Richmond-upon-Thames's rateable properties had a rateable value of £500,000 or more, rising to around 60 on the 2026 list.
Change at the 2026 revaluation
Richmond-upon-Thames's +14.2% change in total rateable value at the 2026 revaluation was weaker than in 27 of the 32 other councils in London. The sharpest increase in Richmond-upon-Thames was in industrial property, where total rateable value rose 19.0% at the 2026 revaluation, compared with +24.4% for industrial property across London. No sector fell in Richmond-upon-Thames: retail property moved least, up 7.1% at the 2026 revaluation, compared with +13.6% for retail property across London.
Reliefs
In 2025-26, relief in Richmond-upon-Thames came to 25.8% of gross rates payable, above the 21.2% for England as a whole. Charity relief was the largest of the four main reliefs in Richmond-upon-Thames, at 36.9% of total relief, above 29.7% across England.
Source: HM Revenue & Customs, using Valuation Office Agency data, and MHCLG relief returns. Open Government Licence v3.0. Method and rounding: /methodology.
See how Richmond-upon-Thames compares with the rest of the region: Business rates in London, State of Business Rates in England 2026 →
Nearby areas
Compare with other councils in London
Other London councils with their average rateable value, listed from the closest to Richmond-upon-Thames's £39,824.
- Business rates in Ealing£39,706 average rateable value, £118 lower than Richmond-upon-Thames
- Business rates in Brent£41,303 average rateable value, £1,479 higher than Richmond-upon-Thames
- Business rates in Hackney£38,317 average rateable value, £1,507 lower than Richmond-upon-Thames
- Business rates in Croydon£38,157 average rateable value, £1,667 lower than Richmond-upon-Thames
- Business rates in Bexley£42,138 average rateable value, £2,314 higher than Richmond-upon-Thames
- Business rates in Greenwich£42,298 average rateable value, £2,474 higher than Richmond-upon-Thames
Figures from MHCLG National Non-Domestic Rates statistics (2025-26), ONS UK Business Counts (2025), and English Indices of Deprivation (2025).
Updates for Richmond-upon-Thames
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