Oireachtas Joint and Select Committees

Thursday, 25 January 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: National Property Revaluation Programme

9:00 am

Mr. John O'Sullivan:

No. There is a lot of evidence. Revaluation is the tool through which we can pick up on things. We all know of towns in which a street that was very prosperous at one time is not so prosperous any more. Perhaps the mart that was at the back of it has now moved two miles out the road. The street now has a lot of properties to let and a lot of vacancy. We expect to pick all of that up in a revaluation. We would expect the rental levels to have come down a lot. That feeds back into the actual valuations. We should not lose sight of the fact that over 60% of ratepayers achieve a benefit in their rates bill from the revaluation.

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