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
Seán Fleming (Laois, Fianna Fail)
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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?