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
11:40 am
Mr. Declan Lavelle:
Perhaps, but, generally, what we will find is that the market is not perfect. One can have two identical buildings side by side and because of the various negotiating strengths of a tenant, the rent levels might be slightly different. From a valuation perspective, we tend to look at both and balance it out such that we actually have a standard level and a degree of equity inherent in the rating system on that street in order that one ratepayer does not have an advantage over another, or face a disadvantage.