Understanding The Way Commercial Property Rates Work

As per the Dublin City Council guidelines, the occupiers of commercial properties need to pay a particular amount as commercial rates

. This is a source of income based on the commercial and industrial properties in the city. Whether you occupy a retail facility, an office space, or an industrial park, you may need to pay this.

Different commercial properties, including buildings, houses, shops, factories and land, need to pay this rate to the Dublin City Council. If you occupy the property at the time the rates become payable, you need to pay this. The commercial rates are also levied on certain other types of properties. Here are the details of who pays the rates in these cases.

If the property is newly constructed, you need to pay the Entry Year Property Levy, or the Post-entry Year Property Levy, until the rates are established

If the property is vacant, the owner or the entity legally responsible for it needs to pay this charge

If the property is used for domestic as well as commercial purposes, the owner may avail the benefit of a Mixed-Domestic allowance

If the property has suffered fire damage, the owner may apply for the Determination of Rates Liability relief

If the property you buy or lease has due commercial rates for the current year or the previous years, you may need to pay these charges

How are the commercial rates calculated for a property? The method of calculation is simple; for this, the Rateable Valuation of the property is multiplied by the Annual Rate of Valuation. The Rateable Valuation is decided by the Commissioner of Valuation and the Annual Rate of Valuation is determined by the Dublin City Council.

You need to get help from a competent commercial management company if you think that the commercial rates calculations are incorrect. They would be able to take up the matter with the Dublin City Council and help reach a resolution. You may also avail their services to pay the commercial rates.

Different methods of payment are accepted by the Dublin City Council in this regard. After you receive the bill outlining the commercial rates Dublin City, you may choose to pay in cash, cheque, direct debit or electronic fund transfer. If there are no arrears in the account, you may also work out an instalment arrangement for payment.

You need to call the Rates Office if you want to pay these charges in cash. You may send a crossed cheque, postal order or money order to the Rates Office address as well. Another method is to contact the Rates Office and arrange a direct debit payment schedule to pay the commercial rates on your property.

If you consider that the rateable valuation of the property you own is incorrect and this affects the commercial rates you pay, you need to apply for a revision. This is the monetary value that your property can fetch if let in the open market. If you are planning to apply for a revision of this, appoint a property service that can advise you about this.

by: Daniel Smith

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