The national revaluation programme of all commercial and industrial property is nearing completion. Reval 2021, the final stage of the process, will commence shortly.
All commercial premises in the final 6 counties (8 local authority areas) will be revalued. Businesses of all sizes, sector and activity across Clare, Cork city and country, Donegal, Galway city and county, Kerry and Mayo will be affected. Your property’s valuation is the basis which your local authority uses to determine how much commercial rates you pay.
The aim of the revaluation programme is to modernise the rateable valuation of all commercial and industrial property in Ireland by reflecting modern rental values and contemporary market conditions. However, it is important that businesses understand the process, the timelines and how to engage with it.
This presentation will detail Reval 2021, how it works, the differences in valuing different types of premises and what your business should expect.
Remember local businesses, not central government, are the primary source of income for local government in Ireland. Commercial rates levied on individual premises have a significant impact on economic conditions, competitiveness and affordability. The revaluation process could result in a positive or negative change to future commercial rates bills.
As this webinar is exclusively for member companies, you must register with your company email address.
Aidan Sweeney, Ibec’s senior executive for Government, Enterprise & Regulatory Affairs, who will provide a general overview.
This will be followed with a presentation from Declan Lavelle, Head of Valuation Services, from the state Valuations Office.
🔔 Please note that registration closes 1 hour before the webinar starts.
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