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:

Yes, they do. It is part of our business planning for our strategic plan every year. Let me give the Deputy an update on the figures. The figure of 180,000 properties is based on an historic figure but we think the true figure is 160,000 and we will be removing many properties that are no longer rateable from the list. The figure of 43% or 44% of the total number of properties were revalued by September but there is another statistic we always look at, that is the percentage of the valuation base that represents in monetary terms. That figure is 72%. With the latest batch of valuations - the areas on the map to which Deputy Catherine Murphy referred and which are shaded blue - when those eight counties are completed, 82% of the base, in monetary terms, will have been revalued. In numerical terms, it is 62%.

The Deputy is absolutely correct, a lot of work remains to be done. There is a sense of urgency associated with it.

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