Oireachtas Joint and Select Committees

Thursday, 25 January 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 11: National Property Revaluation Programme

9:00 am

Mr. Declan Lavelle:

Yes. In terms of the Government related work, in other words, the market valuations, which comprise the non-statutory function, again all those properties are inspected. When we conduct a revaluation in a particular rating authority area, we usually inspect approximately 25% of those properties. We are looking at rental information, rental transactions, verifying the details around those transactions and verifying the property to which those letting agreements relate. We do not inspect 100% of properties at revaluation because we already have a database that confirms the data we hold on those properties, so what we are trying to do is establish what we would call the valuation norms in a particular area by reference to a number of transactions. Generally speaking, to do that we inspect about 20% of properties-----