Kieran O'Donnell (Limerick City, Fine Gael)
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If the Valuation Office gets details about a property being sold from, for example, the Revenue website, what typically is the rental return factored in by the office? Is it 8%? Obviously, it will take into account a number of factors to come up with what is a rental value but typically, what does the office regard as being the return? From my recollection, the traditional, historical return was approximately 8%. What does the Valuation Office now typically take as a rental return?