Valuation Orders, which set in train the process for the revaluation of all commercial and industrial property in the Waterford County Council, Waterford City Council and Dungarvan Town Council rating authority areas, was signed today (Monday 12th December) by Dermot Quigley, who is the acting Commissioner of Valuation. There are approximately 4,708 commercial and industrial ratepayers in these areas.

This is part of the national programme to revalue all commercial and industrial property in Ireland, which began in the South Dublin County Council area and continued subsequently in the Fingal and Dún Laoghaire-Rathdown County Council areas and is currently being carried out in the Dublin City Council area.

The signing of the orders follows the completition of the statutory consultation process which requires consultation with the local authorites and the Minister for the Environment, Community and Local Government.

All properties will be valued by reference to a Valuation Date of 28th October 2011.

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 annual rental values of properties –which have shifted significantly in recent times - and their commercial rates liability.

Neither residential property nor agricultural lands are rateable and consequently will not be affected by the revaluation.

The new valuation list for the Waterford areas will be published in 2013.

Further information:
Patrick Cooney, Valuation Office, 01 8171002
Declan Lavelle, Valuation Office, 01 8171032 / 087 6784751
Patrick Conroy, Valuation Office, 01 8171102

Dublin City Revaluation : News Update 5th May 2011

A Valuation Order, which sets in train the process for the revaluation of all commercial and industrial property in the Dublin City Council rating authority area, was signed today (Thursday 5th May) by Dermot Quigley, who is the acting Commissioner of Valuation. There are approximately 25,000 commercial and industrial ratepayers in the Council area.

This is part of the national programme to revalue all commercial and industrial property in Ireland, which began in the South Dublin County Council area and continued subsequently in the Fingal and Dún Laoghaire-Rathdown County Council areas.

The process for Dublin City, which marks a major step in the national programme, was launched at briefings given today by the Valuation Office to public representatives for Dublin City and business and commercial groups.

The launch follows the completion of the statutory consultation process which requires consultation with the local authority and the Minister for the Environment, Community and Local Government.

All properties will be valued by reference to a Valuation Date of 7th April 2011.

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 annual rental values of properties –which have shifted significantly in recent times - and their commercial rates liability.

Neither residential property nor agricultural lands are rateable and consequently will not be affected by the revaluation.

The new valuation list for Dublin City will be published in 2013.

Further information:
Patrick Cooney, Valuation Office, 01 8171002
Declan Lavelle, Valuation Office, 01 8171032 / 087 6784751
Patrick Conroy, Valuation Office, 01 8171102

Dun Laoghaire Rathdown Revaluation : News Update 19th April 2011

“The Appeal Phase of the Dun Laoghaire Revaluation is now underway. The closing date for receipt of appeals was the 8th February. Following consideration of the appeals the Commissioner of Valuation will make a decision on each appeal within 6 months of the date of receipt and will subsequently notify occupiers or their appointed agents of the outcome of their appeal."

News Update 19th April 2011
News Update 20th January 2011
News December 2010
News November 2010
News Release - 15th June 2010
Reval News (15th June 2010)
Reval News (18th December 2009)
Reval News (30th September 2009)
News Release (18th June 2009)
News Release (27th June 2008)
News Release (13th December 2007)
Revaluation Of South Dublin ( 5th June 2007 )
Revaluation of South Dublin Co Council ( 27th March 2007 )
Revaluation of Fingal Co Council ( 20th March 2007 )

Dun Laoghaire Rathdown Revaluation : News Update 20th January 2011

“The certificates of valuation for all ratepayers in the Dun Laoghaire Rathdown area were issued to ratepayers by post on December 10th 2010.

Valuation Office staff will be available to answer Dun Laoghaire Rathdown ratepayers’ queries on the mornings of 25th and 26th  January 2011 in County Hall, Dun Laoghaire and in the Dun Laoghaire–Rathdown County Council Offices, Dundrum Office Park, Main St, Dundrum.

Office times are as follows:

County Hall:      10:00 to 13:00
Dundrum:          09:30 to 12:30

Appeals against the valuation and/or other details contained in the Final Valuation Certificates can be made to the Commissioner of Valuation. The closing date for submission of appeals is 8th February 2011.  The Commissioner of Valuation will consider all appeals that are submitted on time and accompanied by the specified fee.  Appeals will be decided within 6 months of receipt.”

Revaluation Latest News

Dun Laoghaire- Rathdown County Council Area- Friday 10th December 2010

The certificates of valuation for all ratepayers in the Dun Laoghaire Rathdown area have been sent out to ratepayers by post on December 10th 2010.

Ratepayers who wish to make Appeals regarding the valuation may do so in writing, using the forms provided and with payment of the required fee, up to close of business on Tuesday February 8th 2011.

Ratepayers who do not receive a certificate of valuation by December 20th should contact the Revaluation Unit on 01-8171033 (Locall 1890 531 431).

Preparations for Dublin City Council Area Revaluation November 2010

The Valuation Office will commence a revaluation of the Dublin City Council Rating Authority area in the near future. The revaluation will produce an up-to-date list of valuations for all commercial properties for rating purposes.  The basis of valuation is what’s known as NAV (Net Annual Value) i.e. the open market rental value of the property at a specified valuation date.

As part of the revaluation process we are now undertaking a market analysis exercise of property values in the Dublin City Council area to establish current rental values.

Letters have been issued to approximately 3,000 ratepayers from a cross-section of property types in the Dublin City Council area asking them to complete and return a form designed to collect information regarding rents and leases. 

If you are able to provide us with market information relating to commercial property in the Dublin City Council area and are not one of those ratepayers who was sent a form to complete you can download a form here: www.valoff.ie/doc/S_45_form.pdf

Please complete the form and post it to : Revaluation Unit, Valuation Office, Block 2, Irish Life Centre, Abbey Street, Dublin 1 or email it to : revalinfo@valoff.ie

Under the Valuation Act of 2001, provision was made for a revaluation of all commercial and industrial property in Ireland. This process began in late 2005 in the local authority area of South Dublin County Council, continued in the Fingal County Council area and is now nearing completion in Dún Laoghaire–Rathdown. It is intended that the process will shortly be rolled out in the Dublin City and Waterford areas.

Today (Tuesday 15th June) the revaluation programme reaches an important milestone when Proposed Valuation Certificates are posted by the Valuation Office to nearly 4,500 commercial and industrial ratepayers in the Dún Laoghaire-Rathdown Council area. A further 600 certificates approximately will be issued on 10th September 2010. An information leaflet about revaluation was issued on the 26th May to ratepayers.

The revaluation will result in a redistribution of the commercial rates liability between ratepayers. However, while an occupier’s rates liability may increase or decrease the revaluation will not change the overall commercial rates income of Dún Laoghaire-Rathdown County Council.

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 rental values of property and their commercial rates liability.

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.

Revaluation will not in itself 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.

However revaluation will lead to a redistribution of commercial rates between ratepayers depending on the relative shift in the rental values of their properties. It is the relative value of properties to each other, rather than the absolute value of an individual property, which will determine whether the rates liability of a property will decrease or increase following a revaluation.

Following the revaluations in South Dublin and Fingal ratepayers’ liabilities were altered as follow:

Reduced Rates Liability SDCC 49%
Increased Rates Liability SDCC 39%
Not Previously Rated* SDCC 12%

Reduced Rates Liability Fingal 65%
Increased Rates Liability Fingal 30%
Not Previously Rated* Fingal 5%

*New properties

While the Dún Laoghaire-Rathdown revaluation project is still incomplete (in that a further 600 Proposed Valuation Certificates remain to be issued) early indications are that 54% of ratepayers will have a reduced rates liability and 46% of ratepayers will have an increased rates liability following revaluation. It should be noted that the Dún Laoghaire Rathdown figures are estimates and a more accurate data will be available later this year.

The Proposed Valuation Certificates issued today will state the valuation that the Valuation Office proposes entering for each property on a valuation list to be published on 31st December 2010.

The occupier can accept the valuation set out in the Proposed Valuation Certificate or make representations to the Valuation Office before the 12th July 2010 with a view to having it reviewed. When these representations have been considered the Valuation Office will issue final valuation certificates. This valuation will then be used by the local authority to calculate rates liability for the 2011 rates year. The valuation is not the amount of rates actually payable. While the Valuation Office determines the valuation it will be the local authority which determines, levies and collects the rates payable.

The revaluation of properties in the Dún Laoghaire-Rathdown County Council area is the continuation of a revaluation process which will see the revaluation of all commercial, industrial and retail properties throughout the country over a ten-year timeframe. Thereafter, revaluations will be undertaken in all local authority areas at intervals of between 5 and ten years, as provided by law. Revaluation of all relevant properties in the areas of South Dublin County Council and Fingal County Council has been completed and it is intended that the Valuation Office will shortly start the revaluation of the circa 26,000 properties in the Dublin City and approximately 5,000 in Waterford.

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 revalinfo@valoff.ie , or by phone 01 8171033 / Lo Call 1890 531431. Valuation Office staff will also be available to meet ratepayers to discuss the revaluation on 17th and 18th June in County Hall, Dún Laoghaire and in the Dun Laoghaire – Rathdown Council offices, Dundrum Office Park, Main St, Dundrum

Dun Laoghaire – Rathdown : Key Dates/Timescales

15th June 2010
Issue of proposed Valuation Certificates to the majority of ratepayers Representations must be made 28 days within date of issue
12th July 2010
Final date for submission of representations
10th September 2010
Issue of the balance of the proposed Valuation Certificates to ratepayers Representations must be made 28 days within date of issue
7th October 2010
Final date for submission of Representations
10th December 2010
Issue of Final Valuation Certificates
31st December 2010
New Valuation List for Dun Laoghaire Rathdown published
8th February 2010
Final date for lodgement of appeals

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The certificates of proposed valuation for the majority of ratepayers in the Dun Laoghaire Rathdown area will be sent out to ratepayers by post on June 15th 2010.

Ratepayers who wish to make Representations regarding the proposed valuation may do so in writing, using the forms provided, up to close of business on Monday July 12th 2010.

Ratepayers who do not receive a certificate of proposed valuation in the June 15th issue will receive theirs in September.

Proposed valuation Certificates have now issued to 5,700 ratepayers and the Valuation Office is considering all representations received. Final Valuation Certificates will issue to ratepayers on the 11th December 2009 and the new Valuation List will be published on the 31st December 2009.

Appeals against the valuation and/or other details contained in the Final Valuation Certificates can be made to the Commissioner of Valuation for a period of 40 days which will expire on 8th February 2010. The Commissioner of Valuation will consider all appeals and make decisions within 6 months of receipt of each appeal.

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Under the Valuation Act of 2001, provision was made for a revaluation of all commercial and industrial property in Ireland. This process began in late 2005 in the local authority area of South Dublin County Council and is now continuing on a phased basis in the Fingal County Council area. Revaluation is now also underway in Dún Laoghaire-Rathdown and it is envisaged that the process will shortly begin in the Dublin City area.

This week the revaluation programme reaches an important milestone when Proposed Valuation Certificates are posted by the Valuation Office to nearly 5,000 commercial and industrial ratepayers in the Fingal Council area.

The revaluation will result in a redistribution of the commercial rates liability between ratepayers. However, while an occupier’s rates liability may increase or decrease the revaluation will not change the overall commercial rates income of Fingal County Council.

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 rental values of property and their commercial rates liability.

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.

Revaluation will not in itself increase the total amount of commercial rates collected by Fingal County Council or any other local authority. The commercial rates income of the local authority will be capped in the year following a revaluation.

However revaluation will lead to a redistribution of commercial rates between ratepayers depending on the relative shift in their rental values. It is the relative value of properties to each other, rather than the absolute value of an individual property, which will determine whether a property’s rates liability will decrease or increase following a revaluation.

After the revaluation in South Dublin 49% of ratepayers in that area had a reduced rates liability and 39% had an increased liability.

The Proposed Valuation Certificates issued this week will state the valuation the Valuation Office proposes entering for each property on a valuation list to be published on 31st December 2009.

The occupier can accept the valuation set out in the Proposed Valuation Certificate or make representations to the Valuation Office before the 13th July 2009 with a view to having it reviewed. When these representations have been considered the Valuation Office will issue final valuation certificates. This valuation will then be used by the local authority to calculate rates liability for the 2010 rates year. The valuation is not the amount of rates actually payable. While the Valuation Office determines the valuation it will be the local authority which determines, levies and collects the rates payable.

Occupiers of a rateable property in the Fingal County Council area who have entered into occupation since the making of the Valuation Order for the area on 15th March 2007 are required by law to inform the Valuation Office accordingly and are asked to contact the Office immediately. Failure to do so may result in prosecution.

The revaluation of properties in the Fingal County Council area is the continuation of a revaluation process which will eventually see the revaluation of all commercial, industrial and retail properties throughout the country, the first time since 1865 that such an exercise has been undertaken. Revaluation of all relevant properties in the area of South Dublin County Council has been completed and revaluation is now also underway in Dún Laoghaire-Rathdown. It is envisaged that the Valuation Office will shortly commence revaluation of the circa 26,000 relevant properties in the Dublin City area.

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 revalinfo@valoff.ie, or by phone 01 8171033 / Lo Call 1890 531431.

Further information:
Roy Dooney, The Media Group, 087 2414165 / 01 2301815
Seamus Connolly, The Valuation Office, 01 8171125 / 087 8146204

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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 subsequently in the Fingal area, is now about to be rolled out in the Dún Laoghaire-Rathdown County Council area. There are approximately 6,000 commercial and industrial ratepayers in the Council area.

A Valuation Order, which sets the process in train in the rating authority area of Dún Laoghaire-Rathdown County Council, was signed today (Friday 27th June) by the Commissioner of Valuation, Aidan Murray. The national revaluation is being undertaken by the Valuation Office, the State property valuation agency.

The statutory basis for revaluation is the Valuation Act 2001, which sets out the process which must be followed. 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.

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 Act also provides for the exemption from rates of other specified property types).

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 (or, on appeal, by the Valuation Tribunal – see below). 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. This is multiplied by the annual rate on valuation (ARV) to give the amount of commercial rates payable per annum. The ARV is set each year by each local authority which then levies and collects rates from the occupiers of rateable properties.

Revaluation will lead to a redistribution of the commercial rates burden between ratepayers depending on the relative shift in rental values between locations and categories of properties.

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.

For example, take a hypothetical property with a current rateable valuation (RV) of €100 and a market rent of €40,000. After revaluation the RV will be €40,000 but the ARV set by the Council will fall correspondingly to take account of the move to market rental values as the figures below show:

Property after revaluation:
Rateable valuation: €40,000
ARV: 0.175
Commercial rates liability: (€40,000 x 0.175): €7,000

While the above example shows no change in the commercial rates liability, it should be borne in mind that in other cases the commercial rates liability of a property may rise or fall after revaluation, depending on the relative shift in rental values between locations and categories of properties.

A general information leaflet about revaluation is being sent by the Valuation Office to all occupiers of commercial property in Dún Laoghaire-Rathdown County.

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 revalinfo@valoff.ie , or by phone 01 8171033 / Lo Call 1890 531431.

Further information:
Declan Lavelle, The Valuation Office, 01 8171032 / 087 6784751
Roy Dooney, The Media Group, 087 2414165 / 01 2301815

The programme to revalue all commercial property in Ireland, which began in November 2005 in the South Dublin County Council area, reaches an important milestone today (Thursday 13th December) when Valuation Certificates posted by the Valuation Office to 6,274 commercial and industrial ratepayers in the Council area begin to be received.

The Valuation Certificates, posted yesterday, will state the valuation the Valuation Office proposes entering for each property on a valuation list to be published on 31st December 2007. These valuations will be used to calculate rates liabilities in 2008.

The revaluation will result in a redistribution of the commercial rates liability between ratepayers. However, while an occupier’s rates liability may increase or decrease, the revaluation will not change the overall commercial rates income of South Dublin County Council.

Ratepayers in the area have until the 8th of February 2008 to appeal against their valuation to the Commissioner of Valuation if they wish. 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 purpose of revaluation, which arises from the Valuation Act of 2001, 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.

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 completed revaluation of properties in the South Dublin County Council area is the first stage of a process which will eventually see the revaluation of all commercial, industrial and retail properties throughout the country, the first time since 1865 that such an exercise has been undertaken. The national programme to revalue all commercial property in Ireland is continuing in the Fingal County Council area.

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 revalinfo@valoff.ie , or by phone 01 8171033 / Lo Call 1890 531431.

Further information:
Declan Lavelle, The Valuation Office, 01 8171032 / 087 6784751
Roy Dooney, The Media Group, 087 2414165 / 01 2301815

Proposed Valuation Certificates posted today to [6,000] commercial and industrial ratepayers in South Dublin County Council area...
Commercial property revaluation of South Dublin County Council area nears completion...
Revaluation will bring equity and fairness in local authority rating system...

The programme to revalue all commercial property in Ireland, which began in November, 2005 in the South Dublin County Council area, reaches an important milestone today (Tuesday 5th June) when Proposed Valuation Certificates are posted by the Valuation Office to some [6,000] commercial and industrial ratepayers in the Council area.

The revaluation will result in a redistribution of the commercial rates liability between ratepayers. However, while an occupier's rates liability may increase or decrease, the revaluation will not change the overall commercial rates income of South Dublin County Council.

The purpose of revaluation, which arises from the Valuation Act of 2001, 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.

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 Proposed Valuation Certificates issued today will state the valuation the Valuation Office proposes entering for each property on a valuation list to be published on 31st December 2007.

The occupier can accept the valuation set out in the Proposed Valuation Certificate or make representations to the Valuation Office before [2nd July 2007] with a view to having it reviewed. When these representations have been considered the Valuation Office will issue final valuation certificates. This valuation will then be used to calculate rates liability for the 2008 rates year. The valuation is not the amount of rates actually payable. While the Valuation Office determines the valuation it will be the local authority which determines the rates payable.

Occupiers of a rateable property in the South Dublin County Council area who have begun occupation since the making of the valuation order for the area on 7th November 2005 are required by law to inform the Valuation Office and are asked to contact the Office immediately. Failure to do so may result in prosecution.

The revaluation of properties in the South Dublin County Council area is the first stage of a revaluation process which will eventually see the revaluation of all commercial, industrial and retail properties throughout the country, the first time since 1865 that such a n exercise has been undertaken.

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 revalinfo@valoff.ie , or by phone 01 8171033/ Lo Call 1890 531431.

Further information:
Roy Dooney, The Media Group, 087 2414165 / 01 2301815
Declan Lavelle, The Valuation Office, 087 678475

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