Oireachtas Joint and Select Committees

Thursday, 18 July 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office

11:10 am

Mr. John O'Sullivan:

No. It is a good question. What I mean by that is that if we add all of the values of commercial properties across the State, by the end of this year we will have revalued half of them in value terms. In percentage terms, it will be less than that because we have started with the larger urban centres which have more commercial properties and properties that tend to have a higher commercial value and, therefore, a higher valuation level.