Dáil Éireann Debate, Thursday - 23 October 2014
70. Deputy Patrick O'Donovan asked the Minister for Finance if the Revenue Commissioners will be employing independent evaluators for the local property tax and if so, when this will take place; and if he will make a statement on the matter. [40787/14]
View answerI am informed by the Revenue Commissioners that they have established a panel of private sector valuation experts to provide market valuations of all forms of real property including residential property, commercial property and development land. Where valuations of residential property are being challenged by Revenue in connection with LPT, Revenue will engage a valuation expert from this panel if the need arises.
As regards LPT, I am further advised that the Commissioners have challenged the self assessed valuation of residential property in a small number of instances. However, there was no need to engage a valuation expert, as in the majority of these cases the owner self-corrected the valuation and in the remaining cases Revenue accepted the valuation declared by the owner.
