There are over 2,600 business properties in Uttlesford. The business rates for each property is determined by its rateable value, which is fixed by the Valuation Office. All non-domestic property is re-valued every five years. From 1st April 2005, the rateable value represents the open market rental value as at 1st April 2003.
The non-domestic rates collected by billing authorities such as Uttlesford are paid into a central pool and then redistributed to County Councils, District Councils, Police and Fire Authorities in the form of a Grant. The money is used to pay for the services provided by the Council's and the other Authorities.