Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Public Accounts Committee
2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
10:00 am
Mr. Niall Cody:
The value bands were right at the bottom of the market. If I have to revalue on 1 November 2016 and if property prices stay as they are or go up again, I would have a significant increase in the value band because that just reflects what happens in the market. That will happen to all my neighbours as well. If I fail to put my valuation up, when all my neighbours go up, then Revenue will be looking at me.