Tuesday, 11 March 2014

Ceisteanna (199)

John Deasy

Ceist:

199. Deputy John Deasy asked the Minister for Public Expenditure and Reform if he will provide a percentage breakdown of businesses whose rental values increased, decreased and stayed static arising from the recent revaluation process in Waterford city and county, including the Dungarvan Town Council administrative area; the average percentage of their previous rental value by which businesses were revalued upwards or downwards in Waterford city and county, including Dungarvan town; and the typical percentage increases and decreases revaluation that resulted across different business and industry categories in Waterford city and county. [12199/14]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Public)

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