As part of the National Revaluation Programme the Commissioner of Valuation has revoked existing Valuation Orders and made new Valuation Orders for the revaluation of commercial and industrial properties in Clare, Donegal, Dún Laoghaire-Rathdown, Galway, Kerry and Mayo County Council and Galway City Council Rating Authority areas.
Revaluation will improve equity, uniformity and transparency in Local Authority rating system.
The National Revaluation Programme provides for the ongoing revaluation of all rateable property in Ireland on a continuous basis. Due to the impact of the COVID-19 pandemic, the Commissioner of Valuation, with the agreement of the Minister for Housing, Local Government and Heritage, had previously deferred the Programme in 2020, 2021 and 2022. Following these deferrals it was necessary to revoke the Valuation Orders made for the rating authority areas of Clare, Donegal, Dún Laoghaire-Rathdown, Galway, Kerry and Mayo County Councils and Galway City Council.
The Commissioner has made new Valuation Orders on 6 September 2022 under section 21(5) of the Valuation Act 2001, as amended, for these rating authority areas. These orders provide for the completion of the second revaluation of all commercial and industrial properties for rating purposes in Dún-Laoghaire-Rathdown and the initial revaluation in the other aforementioned rating authority areas. This is an important milestone in the National Revaluation Programme.
All occupiers of rateable property in these rating authority areas should shortly receive a Proposed Valuation Certificate stating the proposed valuation in relation to their property. Occupiers should review all the details contained in the Proposed Valuation Certificate to ensure that they are correct.
The revaluations will be carried out in accordance with the provisions of the Valuation Act 2001, as amended, and are part of the national programme to modernise the rateable valuation of all commercial and industrial property in Ireland. The programme has already been concluded in the rating authority areas of Carlow, Cavan, Dún Laoghaire-Rathdown (first revaluation), Fingal, Kildare, Kilkenny, Laois, Leitrim, Longford, Louth, Meath, Monaghan, Offaly, Roscommon, Sligo, Tipperary, Westmeath, Wexford and Wicklow County Councils, as well as the rating authority areas of Dublin City Council, Limerick City and County Council and Waterford City and County Council.
ion is necessary to bring more equity and transparency into the Local Authority rating system. These revaluations will take account of contemporary rental levels in the respective rating authority areas and will result in a more equitable distribution of commercial rates among ratepayers. Following revaluation, there is a much closer and more uniform relationship between contemporary rental values of commercial property and their commercial rates liability. A Valuation Manager has been appointed to assess the value of each rateable property at the valuation date of 1 February 2022. It is envisaged that the new valuations will be published on 22 September 2023 and will become effective for rating purposes from 1 January 2024.
While an individual occupier’s rates liability may increase or decrease, the revaluation will not increase the overall commercial rates income of the relevant Local Authority. The commercial rates income of each Local Authority undergoing revaluation will be capped in the year following a revaluation.
However, the revaluation will result in a redistribution of the commercial rates liability between ratepayers depending on the relative shift in the rental values of their properties in relation to each other.
Residential property and agricultural lands are not rateable and consequently will not be affected by the revaluation.