John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Some random questions arise from Mr. Cody's answers. When the valuations of property for the local property tax were made, the economy was not good and property prices were lower whereas now, from what we hear, they are going up.

There is no difficulty for individuals who gave in their valuation at the time. We are now reaching a point where some of those valuations are now quite different in the real market because things have changed, in particular in the main cities, not so much around the country. Is it the case that Revenue will ask again for valuations in 2016, and check on the comparisons, as Mr. Cody said, between houses on a street and how each one is valued? What will happen where there is a huge difference within a row of houses on a street or road when the next valuation takes place in 2016? Will there be an investigation and will penalties be applied or will it be a proper assessment?