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

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

As a rule of thumb, but subject to every case being different, when the Valuation Office looks at the lease value of a property, which is X amount per annum, what valuation would it place on it? There must be some formula. What is the average ratio between the rates bill and the rent?