The Valuation List for properties which were the subject of the Revaluation of the Limerick City and County Council rating authority area became effective for rates purposes on 1st January 2015.
A "Revaluation" is the production of an up-to-date Valuation List of non-domestic property, for Commercial Rates purposes, within a local authority area, by reference to property rental values at a specified valuation date.
This results from the carrying out by the Valuation Office of a new valuation of every relevant property in a particular rating authority area. The legal provisions which govern this are set out in Part 5 of the Valuation Act 2001.
Essentially, the process commences with a statutory consultation process which the Commissioner of Valuation undertakes with the Minister for the Environment, Community and Local Government and the relevant rating authorities.
On completion of the consultation process, the Commissioner may make a statutory order, known as a "valuation order" in relation to carrying out the Revaluation. This order specifies the date by reference to which the value of every relevant property in the particular rating authority area shall be determined. The process results in the publication of a list containing the valuations of all properties thereon - To view the Valuation List click here.