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Rates revisions are coming and occupiers need to be on top of them

Paul McNeive


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Local authorities are about to revise the rateable valuations of approximately 34,000 commercial properties in Dun Laoghaire-Rathdown and counties Kerry, Clare, Galway, Mayo and Donegal. The 5,000 or so properties in Dun Laoghaire-Rathdown were last revised in 2011, so there will be bigger changes in the other counties, which are being revised for the first time under the 2001 Valuation Act.

Rates payable to a local authority typically equate to approximately 20pc of a property’s rent and are a sizeable overhead for occupiers. For all of these properties, the Valuation Office is assessing their rental values as of September 16, 2019 and “Proposed Certificates of Valuation” are due to be issued in February/March.


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