Revaluation FAQs

Last updated at 11:18 on 27/04/2021

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.

How will the Revaluation be carried out?

A Valuation Manager appointed by the Commissioner of Valuation assesses the Net Annual Value of your property and sets a valuation in line with rental values at the specified valuation date. The Valuation Office carries out its functions in an independent and objective manner. Extensive analysis of rental information is carried out. This rental information is available through multiple market sources, together with the information provided by the occupiers in relation to their own individual properties. Information provided by occupiers to the Valuation Office is used for the purposes of the Office carrying out its statutory functions. The Valuation Office is supported by an extensive computerised market analysis model in establishing market rental values at the specified valuation date.

Why is there a Revaluation taking place?

Having a modern valuation base is very important for the levying of commercial rates on a fair and equitable basis across all property sectors. The Valuation Acts provide for the revaluation of all rateable property within a rating authority area so as to reflect changes in value due to economic factors such as differential movements in property values or other external factors and changes in the local business environment. 

A revaluation will bring more equity, uniformity, fairness and transparency into the local authority rating system resulting in a more equitable distribution of commercial rates among ratepayers.

Is the Valuation of my property the same as my Rates liability?

No. Your valuation is the basis on which local authorities calculate and levy rates on your property but is not your rates liability. Your rates liability is a product of your valuation, as assessed by Officers of the Commissioner, multiplied by the Annual Rate on Valuation (ARV) which is set by the local authority.

My property is no longer Commercial it is now Domestic, do I still have to fill out this Form?

Yes. If your property is no longer commercial or has been converted to domestic use only, you are still required to complete the Revaluation Information Form and make your observations stating such under details of other facilities or businesses operating at theses premises

What if I am dissatisfied with my proposed valuation?

You will have an opportunity to make representations (within 40 days from the date of issue of the proposed certificate and free of charge) if you are unhappy with anything contained in the proposed valuation certificate. Following consideration of your representations, the Valuation Office will send you a final valuation certificate. This will be the basis for the commercial rates that will be levied on your property by the local authority.

Is there a further appeal process?

Yes. If you are dissatisfied with the outcome of your representations to the Valuation Office, there is a right of appeal to the Valuation Tribunal, an independent body set up to settle disputed valuations between the Valuation Office and ratepayers or local authorities.

Is a decision of the Valuation Tribunal final?

Yes. A decision of the Valuation Tribunal is final in relation to the amount of the valuation. However, there is a further right of appeal to the High Court on a point of law.

Is the figure on the Valuation Certificate my new Rates Liability?

No, the Valuation on your Valuation Certificate is not your rates liability. You can contact your Local Authority for an indication of your rates liability.

Where do you get rental information from?

All ratepayers were issued with a Revaluation Information Form, in which the Valuation Office requested rental information/lease details. Rental information was also received from the Revenue Commissioners and the Property Services Regulatory Authority rental database. All this information was analysed and the conclusions drawn from the analysis is applied to similarly circumstanced property

Who should I contact for further information?

If you require further information, please contact our Revaluation Help Lines as follows:

Phone 01 8171033

Email reval2021@valoff.ie

The helplines are in operation from 9.30am to 5.30pm Monday to Friday, excluding public holidays.

 

 

 

 

 

 

 

 

 

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