Seanad debates

Wednesday, 1 October 2014

Valuation (Amendment) (No. 2) Bill 2012: Committee Stage

 

Government amendment No. 13:In page 5, to delete lines 27 to 35 and substitute the following:“(b) by substituting for subsections (3) and (4) the following:“(3) The person so appointed is referred to in this Act as a ‘valuation manager’. (4) For the purposes of subsection (2) a valuation manager shall, in accordance with subsection (5), arrange for—(a) the carrying out of a valuation of each property concerned by one or more officers of the Commissioner (who may include that valuation manager), and (b) the drawing up and compilation of a valuation list for the rating authority area concerned.(5) The valuation list as referred to in this section shall be drawn up and compiled by reference to relevant market data and other relevant data available on or before the date of issue of the valuation certificates concerned, and shall achieve both (insofar as is reasonably practicable)— (a) correctness of value, and (b) equity and uniformity of value between properties on that valuation list, and so that (as regards the matters referred to in paragraph (b)) the value of each property on that valuation list is relative to the value of other properties comparable to that property on that valuation list in the rating authority area concerned or, if no such comparable properties exist, is relative to the value of other properties on that valuation list in that rating authority area.”.”.

Comments

No comments

Log in or join to post a public comment.