Wednesday, 27 February 2013

Questions (23)

Joe McHugh


23. Deputy Joe McHugh asked the Minister for Public Expenditure and Reform if he will provide an update in the revaluations process; and if he will make a statement on the matter. [10191/13]

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Written answers (Question to Public)

In accordance with the Valuation Act, 2001, which came into force on 2nd May, 2002, a national programme, under the direction of the Commissioner of Valuation, is being rolled out progressively for the revaluation of all commercial and industrial properties in the State.

The revaluation programme which has been completed in three County Council areas in Dublin 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 in 2009 and Dún Laoghaire-Rathdown was completed in 2010. The revaluation of Dublin City Council area began in May 2011 and will be completed this year. The Commissioner signed valuation orders for Waterford on 12th December, 2011 and Limerick on 29th March, 2012. The Waterford and Limerick revaluations will be completed in 2013 and 2014 respectively. At that stage, approximately 33% of all rateable properties in the country, representing over 50% of the national valuation base in monetary terms, will have been revalued. The Commissioner has also indicated his intention, subject to a statutory consultation process which is now underway, to sign Valuation Orders in relation to the Galway City Council, Carlow and Kilkenny rating authority areas during 2013.