The Valuation Office is assuming for the purposes of this reply that the PQ requests information by reference to changes in "rental values". Since the revaluation is bringing about valuations based on modern rental values for the first time, it is presumed that the information sought is by reference to changes in Rates Liability. The following tables set out the position on that basis.
Overall Changes in Rates Liability arising from the Waterford revaluation
|
|
Waterford County Council
|
Waterford City Council
|
Dungarvan Town Council
|
All Waterford
|
|
% of New Items
|
3%
|
2%
|
2%
|
2%
|
|
% of Items Decreased
|
56%
|
75%
|
44%
|
65%
|
|
% of Items Increased
|
40%
|
21%
|
52%
|
32%
|
|
% of Items Unchanged
|
1%
|
1%
|
2%
|
1%
|
Overall average decreases and increases by rating authority area
|
|
Waterford County Council
|
Waterford City Council
|
Dungarvan Town Council
|
All Waterford
|
|
Average % Decrease
|
33.13%
|
33.62%
|
21.30%
|
32.28%
|
|
Average % Increase
|
66.24%
|
60.92%
|
73.90%
|
66.44%
|
Notes:
- Increased/Decreased Rates Liability is based on a change greater than +/-
- The average increases include changes arising from the amalgamation of what were previously multiple properties into one new property with a new higher valuation.
- Properties in the Utility sector have been excluded from this exercise on the basis that the value of these items was not adequately reflected in the Valuation List heretofore.
- "New Items" may be items not previously reflected on the valuation list, or items which have now been divided into separate rateable properties.
Analysis of main Business sectors with Decreased Rates Liability
|
Sector
|
No. of properties
|
Average % Decrease
|
Comment
|
|
Hospitality
|
186
|
37.67%
|
Includes hotels, pubs and other hospitality properties
|
|
Industrial
|
963
|
37.81%
|
Includes factories, warehouses and workshops
|
|
Leisure
|
45
|
28.24%
|
Includes sporting facilities and gymnasia and leisure centres
|
|
Office
|
517
|
31.17%
|
|
|
Retail (Shops)
|
709
|
25.26%
|
|
Analysis of main Business sectors with Increased Rates Liability
|
Sector
|
No. of properties
|
Average % Increase
|
Comment
|
|
Hospitality
|
77
|
70.75%
|
Includes hotels, pubs and other hospitality properties
|
|
Industrial
|
194
|
76.34%
|
Includes factories, warehouses and workshops
|
|
Leisure
|
19
|
46.64%
|
Includes sporting facilities and gymnasia and leisure centres
|
|
Office
|
166
|
60.40%
|
|
|
Retail (Shops)
|
647
|
57.64%
|
|
Note: The average increases indicated above include increases arising from the amalgamation of what were previously multiple properties into one new property with a new higher valuation.
The statistics reflect the position on publication of the three new Valuation Lists for the Waterford rating authorities on 31st December 2013 with an Annual Rate of Valuation (ARV) of 0.252 as set by the rating authorities. The revaluation has now moved to the "First Appeal" stage. Such appeals are to the Commissioner of Valuation in the first instance with a further appeal to the Valuation Tribunal by appellants who are dissatisfied with the outcome the "First Appeal".
The closing date for first Appeals was 8th February 2014 and the total number of appeals received across the three Waterford rating authorities was 229 (circa 6%). The breakdown was as follows:
|
Authority
|
No. of appeals
|
|
Waterford County
|
71 appeals
|
|
Waterford City
|
128 appeals
|
|
Dungarvan
|
30 appeals
|
