Joe Carey
Question:403 Deputy Joe Carey asked the Minister for Finance his plans to expedite the revaluation of commercial properties as provided for in the Valuation Act 2001; and if he will make a statement on the matter. [33453/10]
View answerWednesday, 29 September 2010
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The Valuation Act, 2001 which came into effect on 2nd May, 2002, provides for the revaluation of all commercial and industrial property. This is a major project in nature and scale, all the more so given that such a nationwide exercise has not been undertaken since the mid-1800's.
The Commissioner of Valuation has sole responsibility for all valuation matters under the Valuation Act 2001, which includes the implementation of the revaluation programme on a nationwide basis.
The revaluation programme began in November 2005 in the South Dublin County Council area and has since been rolled out to the areas covered by Fingal and Dún Laoghaire-Rathdown County Councils. The revaluation of South Dublin was completed in December 2007, Fingal was completed last year and Dún Laoghaire-Rathdown will be completed this year (2010). In the next phase, it is intended to roll out the programme to further local authority areas in the coming months and the necessary process of consultation, as provided for under the Act, is underway in Dublin City and in the local authorities of Waterford, i.e. Waterford City and County Council and Dungarvan Town Council. Preliminary work is also underway on the revaluation of Limerick City.
The Commissioner is confident that the national revaluation programme can be delivered in a ten-year period, which accords with relevant provisions of the Act, but is actively reviewing options which might hold potential for delivery within a shorter timeframe.