Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

There has been a valuation system and people have been paying rates for the last century. A new regime came in and in 2007 we starting revaluing. When I referred to self-assessment, it was not just about the local property tax. Income tax and corporation tax are self-assessed and are working very well. In view of the massive changes in the economic cycles, there are many businesses whose properties were revalued in 2007 and 2008, at the height of their value, and they are not on the schedule to have their properties revalued for another four or five years, by which time many of those businesses will be gone. There are proposals to amalgamate this agency, and that is going to lead to further delays in the process.

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