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Pilot scheme in city for commercial rates revaluation
The national Valuation Office is in consultation with the City Council over a pilot scheme for commercial rates revaluation.
The office is currently engaged in a national programme to revalue all commercial and industrial properties, and the list will replace the existing 1998 values.
At last evening’s council meeting, Councillor Colette Connolly stated the collection rate currently stands at 62 percent, and questioned how this scheme would improve that figure.
Mayor Terry O’ Flaherty added there were a lot of businesses in the city already closed, with people saying high rates were the real problem.
Managing valuer with the Valuation Office, Patrick Conroy told councillors the scheme would bring more equity, fairness and transparency to the local authority rating system.