Dáil Éireann Debate, Tuesday - 1 December 2015
223. Deputy Barry Cowen asked the Minister for Public Expenditure and Reform if there is a statutory maximum period during which a valuation review of commercial properties must be undertaken by the Commissioner of Valuation; and the dates of the last valuation by the commissioner, by local authority. [42580/15]
View answerPart 5 of the Valuation Act 2001, as amended by the Valuation (Amendment) Act 2015, provides for the revaluation, for rates purposes, of all industrial and commercial properties other than those occupied by public utility undertakings (known as global valuations) which are valued on a different cycle prescribed in section 53 of the Acts.
Section 19(1) of the Act empowers the Commissioner of Valuation, after consultation with the Minister for the Environment and Local Government and the rating authority concerned, to make a Valuation Order specifying a rating authority area in which a revaluation is to be conducted. A valuation order specifies the date by reference to which the value of every property, subject of the valuation mentioned in the order, shall be determined.
The Valuation Office is currently undertaking a national revaluation programme on a rating authority area basis. The revaluation programme (valuation list publication dates in brackets) began with South Dublin County Council (31 December 2007), Fingal (31 December 2009) and Dun Laoghaire-Rathdown County Council (31 December 2010) areas. First revaluations have now also been completed for the rating authority areas of Dublin City Council (31 December 2013), Waterford City and County Council (31 December 2013) and Limerick City and County Council (31 December 2014). Following the first revaluation, section 25 of the Valuation Act 2001 provides that subsequent revaluations of each rating authority area will be completed on a cyclical basis no sooner than five years and no later than ten years after the date on which the revalued list was last published.
The Commissioner, having conducted the statutory consultation process, signed valuation orders on 23 November, 2015 to commence the revaluation of all commercial properties in the rating authority areas of the Counties of Kildare, Leitrim, Longford, Offaly, Sligo and Westmeath. It is envisaged that valuations for each of the aforementioned rating authority areas will be published in September 2017.
