Paudie Coffey (Waterford, Fine Gael)
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Question 95: To ask the Minister for Finance when he envisages the completion of the up-to-date valuation of all local authority areas to be finished; and if he will make a statement on the matter. [15833/11]

Michael Noonan (Limerick City, Fine Gael)
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The Valuation Act, 2001 which came into effect on 2nd May, 2002, provides for the revaluation of all commercial and industrial property. The Commissioner of Valuation has sole responsibility for all valuation matters under the Valuation Act 2001 which includes the implementation of the revaluation programme on a nationwide basis.

The revaluation programme began in November 2005 in the South Dublin County Council area and has since been rolled out to the areas covered by Fingal and Dún Laoghaire-Rathdown County Councils. The revaluation of South Dublin was completed in December 2007, Fingal was completed in 2009 and Dún Laoghaire-Rathdown was completed in 2010. The revaluation of the Dublin City Council area commenced with the signing of the valuation order on 5th May, 2011. This will entail the valuation of circa 25,000 properties and the new list will be published in December 2013.

It is intended to roll out the programme to further local authority areas later in 2011 and the necessary process of consultation, as provided for under the Act, is under way with the local authorities of Waterford, i.e. Waterford City and County Council and Dungarvan Town Council. Preliminary work is also under way on the revaluation of Limerick City.

It is not possible to say at present when the national programme will be completed. A timeframe of 10 years overall had been envisaged, but progress has been slower than expected, and the position has been complicated further by the difficult conditions in the property market in recent years. Nevertheless, the launch of the major project in Dublin City is a significant advance and the Commissioner has indicated that he is actively reviewing options which might hold potential for accelerating the delivery of the revaluation programme.