Applying For Review Of Rateable Valuation Of A Commercial Property

Every occupier of commercial and industrial property needs to pay the commercial property rates to the Dublin City Council

. If you think that the commercial property rates on your property are incorrect, you may apply for a review of the rateable valuation to the Valuation Office. Before you request a revision of the rateable valuation of the commercial property, here are a few details you need to keep in mind.

The rateable valuation is the net annual letting value. It is the monetary value that you may get paid as rent of the property on the open market. It plays a significant role in the calculation of the commercial property rates, which is levied by the Dublin City Council on the occupiers of different types of commercial properties. What does the review process include? Here are the steps involved in the process.

The Revision Officer, a valuer, contacts you for an appointment to visit the property, inspect it and assess its value.

The Officer sends you the draft certificate that contains the new valuation of the property proposed as per the assessment.

The property occupier may send their comments, in writing, to the Officer within 28 days of issuance of the certificate.

The Officer considers the property occupiers comments and prepares and sends the final valuation certificate.

If you are not satisfied with this valuation, you may file an appeal to the appropriate body.

Filing an Appeal to the Valuation Office: If you are not happy about the new valuation, you may submit an appeal within 40 days from the date the certificate was issued. For this, you have to complete the right form available from the Valuation Office and submit it with the necessary fees. It is the responsibility of the Commissioner of Valuation to consider this appeal and decide on it within a six month period.

Filing an Appeal to the Valuation Tribunal: If the decision of the Commissioner of Valuation does not seem appropriate to you either, you may submit an appeal to the Valuation Tribunal, in writing, within 28 days from the date on which the Commissioner of Valuation takes the decision. The objective of the appeal is to settle disputes between the Valuation Office, the local authorities and the ratepayers.

Filing an Appeal to the Courts: If the dispute involves legal points, the ratepayers may submit the appeal to the Courts. However, if the case does not involve any such legal points, the decision of the Valuation Tribunal is final. It is better to seek professional help to understand whether filing an appeal to the High Court or Supreme Court is necessary. You would also need their advice to handle the matter.

When you are applying for the review of the rates applicable on the commercial property you occupy, you need to consider seeking help from a professional. They would help you to understand the details of the review process. They would also be able to help you decide whether to file an appeal against the new valuation. Enquire about the relevant services available from estate agents before you take any step.

by: Daniel Smith

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