Dublin ratepayers receive valuations

Commercial and industrial ratepayers in the Dublin City Council area have begun receiving Proposed Valuation Certificates from the State property valuation agency. The Valuation Office expects to have posted 23,000 such certificates by November 20th, with some 6,000 sent out this week.

The certificates contain the proposed valuation of each property, which was arrived at by reference to relevant market information at the specified valuation date of April 7th, 2011.

Occupiers can, however, appeal this valuation, by doing so within 28 days of its issue date, or therafter at the Valuation Tribunal.

Final valuation certificates will be issued by December 2013, and these valuations will then be used to calculate rates charges in 2014 and subsequent years.

The process is part of the revaluation of all commercial and industrial property in Ireland which has been under way since late 2005. It has already been completed in three Dublin local authority areas.