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

11:20 am

Mr. Declan Lavelle:

Because what is required from us under the 2001 Act is to arrive at an estimate of the rental value of that property. As I said earlier, we arrive at that through evidence. We analyse the evidence and we look at a particular street, see what the prevailing rent is on that street, and apply that to each individual property.