Seán Fleming (Laois, Fianna Fail) | Oireachtas source

This is a policy issue of long standing. We have had various Bills on global valuation and the Valuation Office over the years. The logic is that the other way of doing it is to have the Valuation Office value every single asset in every individual local authority one by one. The Government felt that was an excessive use of resources at the time. It said to do a valuation and that this would be divided by population. It is not exact but is probably the quickest-----