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Rating
Revaluation, Revision & Valuation Tribunal Appeals
What is Revaluation?
Revaluation is a process by which all rateable properties in a local authority area are valued periodically, and at the same time, by reference to a single valuation date. After the first revaluation of a local authority area is completed, Revaluation is then scheduled to take place every five to ten years on a recurring basis.
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What is Revision?
Revision is the mechanism by which an occupier of a property, an interest holder in that property, or a Local Authority may have the valuation of an individual property reassessed ("revised"). An application for Revision may result in a valuation increasing, decreasing or remaining the same.
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Can you Appeal?
Yes, The Valuation Tribunal is an independent body set up under the Valuation Act 1988, and continued by the Valuation Acts 2001 – 2015, to determine appeals against decisions of the Commissioner of Valuation on the valuation of commercial properties for rating purposes. The Valuation Tribunal and the Commissioner of Valuation/Valuation Office are separate bodies, independent of each other.
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Subject to a right of appeal to the High Court on a point of law, the decision of the Tribunal is final.
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What can Elliott & FitzGerald do?
We have a wealth of experience representing Clients in front of Tailte Éireann (formerly The Valuation Office) and subsequent appeals to the Valuation Tribunal leading to many successful reductions in annual rates liabilities. We look forward to discussing your Rating Requirements.
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Under the Valuation Act of 2001 provision was made for a revaluation of all commercial property in Ireland.
The revaluation programme to revalue all commercial property commenced in South County Dublin, and the revaluation process is being rolled out to take in other rating areas in the state now and over the coming years.
Revaluation brings with it complex issues for many property owners and tenants. Our professional advice will ensure that all appropriate steps are implemented which can result in major financial saving.
The National Revaluation Programme is currently in the final stages of Reval 2023. This is the second Revaluation of the rating authority area of Dún Laoghaire Rathdown County Council and the first Revaluation of the rating authority areas of Clare, Donegal, Galway, Kerry and Mayo County Councils and Galway City Council.
New valuations arising from the revaluation of these local authorities were finalised in October 2023 and become effective for rates purposes from 2024 onwards.
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Following the completion of the revaluations of these local authorities, the revaluation of rateable properties in Cork City Council and Cork County Council will be carried out. This will complete the first revaluation of rateable properties in the 31 Local Authorities under the National Revaluation Programme. Subsequently, second revaluations of Local Authorities will take place in Dublin City Council, Waterford City and County Council and Limerick City and County Council.
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The revaluations of these local authorities are part of an ongoing national programme to ensure that the rateable valuations of all commercial and industrial properties in Ireland are updated on a regular cycle so as to maintain relativity between individual ratepayers in the same local authority area. The purpose of revaluation is to bring increased transparency and equity to the local authority rating system.
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Neither residential property nor agricultural lands are rateable and consequently are not affected by revaluation.
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We at Elliott & FitzGerald have years of experience in acting for clients to reduce their rates liability - Contact us to discuss your upcoming Cork City and Cork County Council Rating Revaluation Requirements
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