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

In the first example, I used land that had been previously agricultural and was rezoned as residential. At the point of valuation, the existing use was agricultural and the market value was for it being zoned as residential. If that land had been previously zoned as residential and was just waiting to be developed, and in the latest development plan its zoning was continued or carried over, what is the existing use calculation at that point in time? The market value is the market value for residentially zoned land at that point in time.