Written answers

Tuesday, 24 November 2015

Department of Public Expenditure and Reform

Valuation Office

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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179. To ask the Minister for Public Expenditure and Reform the date that each local authority was advised in writing by the Valuation Office regarding the global revaluations in 2015; if any advance notice of this intended revaluation was issued; and if so, when. [41684/15]

Photo of Brendan HowlinBrendan Howlin (Wexford, Labour)
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Global valuations of public utility undertakings are an important and integral part of the Local Government rating system and each utility is valued every five years. The public utilities revalued in 2015, or their predecessors, were first valued in 2005 and subsequently valued in 2010.  In line with the 5-yearly cycle prescribed by section 53(6) of the Valuation Act 2001, as amended by the Valuation (Amendment) Act 2015, the Commissioner of Valuation has recently completed the 2015 global valuations in respect of seven utility undertakings. In light of the  5-yearly cycle, local authorities would have been aware that these global valuations were taking place in 2015. 

The position regarding the notification arrangements, in relation to the global valuations completed in 2015, is that on 31stJuly 2015 the Commissioner issued a certificate of the valuation proposed to be placed on each public utility undertaking, to the undertaking concerned, and to the Minister for the Environment, Community and Local Government, as provided by section 53(11) of Act.  

The Commissioner issued final certificates of global valuation to each of the said undertakings and to the Minister for the Environment, Community and Local Government on 4thNovember 2015, in accordance with section 53(14) of the Act. While there is no statutory obligation on the Commissioner to notify the rating authorities under section 53(14), as a practical measure the Commissioner did so on 4thand 5thNovember 2015. 

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