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Dun Laoghaire property to be revalued

Thursday, 10 July 2008

COMMERCIAL property rates in Dún Laoghaire Rathdown are to be revalued under a programme that has already been undertaken in two other Dublin local authority areas and will eventually be rolled out nationwide.
The national programme to revalue all commercial property in Ireland, which began in late 2005 in the South Dublin County Council area and is continuing in the Fingal area, is now about to be carried out in the Dún Laoghaire Rathdown County Council area.
There are approximately 6,000 commercial and industrial ratepayers in the area.
The national revaluation is being undertaken by the Valuation Office, which is the State property valuation agency.
Managing valuer at the valuation office, Declan Lavelle, said the purpose of revaluation is to bring more “equity, fairness and transparency” into the local authority rating system.
“Following revaluation there will be a much closer and uniform relationship between the current rental values of property and their commercial rates liability,” he said.
“Property values have shifted significantly in recent times and a revaluation is necessary to ensure that all ratepayers pay a fair share of the commercial rates to be raised.”
Neither residential property nor agricultural lands are rateable and consequently will not be affected by the revaluation.
The core business of the Valuation Office is the valuation of commercial property for rating purposes.
Rates are imposed by local authorities by reference to the rateable value of each property as determined by the Valuation Office.
The only previous valuation of all property in Ireland was carried out between 1852 and 1865. More recently it has been the practice to set the valuation on a property by reference to 1988 rental values.
The valuation of a property is based on its estimated annual rental value at the date of valuation.
“Revaluation will lead to a redistribution of the commercial rates burden between rate-payers depending on the relative shift in rental values between locations and categories of properties,” a statement from the Valuation Office reads.
“Revaluation will not increase the total amount of commercial rates collected by Dún Laoghaire Rathdown County Council or any other local authority. The commercial rates income of the local authority will be capped in the year following a revaluation.”
When the revaluation is completed, the Valuation Office will send each occupier a proposed valuation certificate. The occupier can accept the revaluation or make representations to the Valuation Office about it.
When these representations have been considered, the Valuation Office will issue a final valuation certificate that will form the basis of the commercial rates to be levied.
An occupier can appeal against a valuation to the Commissioner of Valuation within a specified period. There is a further right of appeal to the Valuation Tribunal, an independent body set up to settle disputed valuations.
The decision of the Valuation Tribunal is final on the amount of valuation. There is a further right of appeal to the High Court and ultimately the Supreme Court on a point of law.
The Valuation Office website (www.valoff.ie) has detailed information about the revaluation process. The office also has a dedicated customer care unit to handle revaluation queries by email at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or by phone on 8171033 or 1890-531431.

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