Phil Hogan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

I totally agree with the Deputy's sentiments on the valuation system. The current system is certainly not in keeping with the financial and economic reality in many areas. There is a danger that we will have two Irelands in regard to economic activity, particularly in town centres. Some of the suggestions made by the party opposite in its Private Members' legislation have certainly been considered by my Department and others to determine how we can further promote activity in town centres. The Minister for Public Expenditure and Reform, Deputy Brendan Howlin, is very conscious of the need to overhaul the valuation system. There is a Bill before the House and this matter will be brought to the Dáil shortly. It has been dealt with in the Seanad. It is urgent legislation to have fairer criteria available to the Valuation Office in order that we can be mindful of and more responsive to current economic and financial needs, particularly in provincial areas.

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