Commercial rates revaluation begins in Donegal

 

A commercial rates revaluation has formally commenced in Donegal.
Valuation Orders have been made by the Commissioner of Valuation as part of the National Revaluation Programme.
Donegal is one of the few remaining local authorities that has never carried out a review of commercial rates.
The revaluations in Donegal will be carried out in accordance with the provisions of the Valuation Act 2001-2015 and are part of the national programme which aims to modernise the rateable valuation of all commercial and industrial property in Ireland.
The Valuation Office says a valuation will be set in line with rental values in the county at the valuation date of September 16th 2019 and its envisaged new valuations will be published on September 15th 2021 and will become effective for rating purposes from January 1st 2022.
An information form is due to be issued to occupiers of all rateable properties shortly.
The Valuation Office is advising that an individual occupier’s rates may increase or decrease however, the revaluation will not increase the overall commercial rates income of the Local Authority and the commercial rates income of the council area undergoing revaluation will be capped in the year following a revaluation.