Oireachtas Joint and Select Committees

Thursday, 4 May 2023

Joint Oireachtas Committee on Housing, Planning and Local Government

General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

Is the anticipation, therefore, that the valuation will be updated only with each development cycle review, or what is the mechanism? Even within the two or three years between when the land was last zoned and then becomes valued, the values may shift depending on what is going on. One could imagine that in the Clonburris SDZ, for example, now that the infrastructure is being built in funded through the URDF, there might be a slight increase in the market value of the land and an increase in the number of transactions. At what point is that going to be revalued or reassessed?

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