Valuation orders to commence re-assessment of all rateable properties have been issued to commercial property owners in the Midlands by Ireland’s Valuation Office, a move which could signal increased rates for some traders. The orders, which will be implemented by County Councils in Westmeath, Offaly, Longford, Leitrim, Kildare and Sligo, are expected to be finalised in the near future, with the new valuations published in September 2017, and effective from 2018 onwards.
According to Andrew Carberry, a Chartered Surveyor and RICS Registered Valuer with Power & Associates Commercial Property Consultants and Chartered Valuation Surveyors (Athlone), property owners, occupiers and businesses should note that it is critically important to deal with the orders immediately upon receipt. ‘If an occupier fails to meet the deadlines set out in the correspondence they will receive from the Valuation Office, they risk their representations or, any subsequent appeal, being thrown out. If property owners/occupiers are unhappy with their proposed valuation, an appeal process needs to be entered into without delay, and advice taken from those experienced in the revaluation process. Rates constitute a sizeable chunk of the cost of running a business, so it needs to be assessed carefully to ensure a fair rate is struck. Our company has significant experience in the revaluation process and has had a number of successful outcomes for clients over the years.’
For further information on the implications of the Valuation Orders for the Midlands please contact Andrew Carberry on 090 648 9000 or email at firstname.lastname@example.org.
Power & Associates Commercial Property Consultants and Chartered Valuation Surveyors is one of Ireland’s leading independent provincial commercial real estate practices with offices in Athlone, Galway & Limerick, providing expert valuation advice on all property matters including commercial rating in the midlands, west and southern regions of Ireland.