Central Valuation List

Last updated at 12:01 on 08/03/2018

What is the “Central Valuation List”?

The Central Valuation List is a list of all global valuations which are the valuations of certain designated public utility undertakings in the State.

Global valuations are carried out on a five-yearly cycle as provided for by section 53(6) of the Valuation Act 2001 as amended by the Valuation (Amendment) Act 2015. The global valuation process is also deployed in other common law jurisdictions and is an efficient mechanism for valuing public utility undertakings with a national or regional network.

The global valuation process relates solely to the physical network occupied by the particular public utility undertaking and used by it for its principal objects or purposes such as the supply of electricity or gas or the provision of telecommunications services or public transport services. These global valuations cover all the physical networks and systems such as pipelines, rail lines, cables, masts, posts, pylons, wires and all other ancillary constructions and buildings which are used by the utility and which are necessary to deliver its service from the point of origin to the consumer. It is important to note that the global valuation does not include the valuation of other properties such as retail units or offices or industrial space occupied by the undertaking and not used by it for the above purposes. These other properties operated by the public utility are valued outside of the global valuation framework and in the same manner as properties occupied by other businesses.

Which utilities are currently designated as Public Utility Undertakings?

Eleven companies are currently specified as public utility undertakings. These are 2RN, BT Communications Ireland Limited, Eircom Limited, Eirgrid, ESB Networks, Gas Networks Ireland, Iarnród Éireann, Eir Mobile, Three Ireland (Hutchison) Limited, Virgin Media Ireland Limited and Vodafone Ireland Limited.

The basis of valuation of all rateable property throughout the State is “Net Annual Value”, as defined in section 48 of the Valuation Act. This applies to both public utility undertakings valued on a global basis and conventional rateable properties such as shops, offices and industrial facilities operated by other businesses. 

If dissatisfied with the valuation of a public utility undertaking, there is a right of appeal to the Valuation Tribunal which may be exercised by the utility, a rating authority or the Minister for Housing, Planning and Local Government. The Tribunal is an independent body set up for the purpose of hearing appeals against determinations of valuation made by the Commissioner of Valuation. There is a further right of appeal to the Higher Courts on a point of law. 

The global valuation is apportioned pursuant to section 53(6)(a) of the 2001 Act, between each of the rating authorities in whose areas property comprised in the valuation is situated. The apportionment is proportionate and is expressed as a percentage of the total population taken under the last published census of population.

Can I view the Central Valuation List?

Yes, the Central Valuation List is available for inspection at the Public Office of the Valuation Office, Block 2, Irish Life Centre, Lower Abbey Street, Dublin 1 (Eircode D01 E9X0) between 10am and 4.30pm, Monday to Friday excluding public holidays.

An electronic copy of the list is available here.