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Council Rates Calculated///How

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  • 07-11-2008 1:52pm
    #1
    thetyreman
    Banned (with Prison Access) Posts: 451 ✭✭


    Does anyone know how the County Council///Local Authoritys calculate the amount of rates that a business has to pay for a business premises.
    I know they have some way of calculateing it based on the average rent that is being paid in a certain area.But does anyone know what would be the difference between say commercial,retail,industrial,light commercial etc.

    thanks in advance


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    #2
    marmurr1916
    Registered Users Posts: 2,091 ✭✭✭marmurr1916


    It's based on a formula calculated on the rateable valuation of the business premises supplied to the local council by the Valuation Office and the rate set by the local council.
    Valuation for Rating

    A Basic Guide

    What are Local Authority Rates?
    Rates are a property tax levied by Local Authorities on the occupiers of commercial and industrial property. Local Authorities collect rates based on property valuations.

    What is the basis for my valuation?
    The valuation of your property is assessed by reference to the values of comparable properties on the valuation list.

    How is my rates bill calculated?
    The valuation of your property is multiplied by the annual rate on valuation (ARV) to give the amount of rates payable per annum to the Local Authority.

    Ratepayers do not pay rates to the Valuation Office

    Your Local Authority sets the annual rate of valuation. Any queries you may have regarding the amount of rates, method of payment, etc. should be made directly to the Rates Office of your Local Authority.
    Example: Valuation: €10, ARV: €60, Payable: €600.

    Who can apply to have the valuation of property revised or altered?
    The occupier or owner of property, the rating authority, or an occupier of other property appearing on the valuation list may apply, in writing to the Commissioner of Valuation, to have the valuation of property revised. The application for revision by a person other than the Rating Authority must be accompanied by the appropriate fee. The Commissioner of Valuation may also initiate revisions of valuation.


    Contact the Valuation Office and your local council for more information.


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