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Is my business rates bill too high in Penzance?

3,060 business properties in Penzance have a 2026 rateable value; the median is £4,800. Search yours to see how its price per m² compares with similar properties on nearby streets.

shops
£125 /m²
425 properties · median RV £8,400
offices
£120 /m²
248 properties · median RV £4,775
workshops
£78 /m²
251 properties · median RV £7,000
warehouses
£82 /m²
40 properties · median RV £20,625
factories
£61 /m²
17 properties · median RV £25,750
restaurants
£108 /m²
35 properties · median RV £14,500
cafés
£130 /m²
38 properties · median RV £9,300
pubs
— /m²
58 properties · median RV £24,500
hair salons
£141 /m²
16 properties · median RV £5,600
vehicle repair workshops
£75 /m²
40 properties · median RV £9,150
day nurseries
£83 /m²
9 properties · median RV £17,000

Business rates across Cornwall

How are business rates worked out in Penzance?

Your council multiplies your rateable value (set by the Valuation Office) by a multiplier, then takes off any reliefs. For 2026/27 in England the multipliers run from 38.2p (small retail, hospitality and leisure) to 50.8p (rateable values of £500,000+).

Is my business rates bill too high in Penzance?

The quickest way to tell is to compare the price per m² the Valuation Office applied to your property with similar properties nearby. Our free check does that in seconds using the published 2026 list.

Can I challenge it myself?

Yes. You claim your property in a GOV.UK business rates valuation account, raise a Check, then Challenge within 4 months of the decision. Our evidence pack (£99) gives you the comparables and statement to upload.

Check your Penzance property

Free check. No sign-up. Just your postcode.