Commercial Rates
Avison Young, formerly O’ Buachallas, is Ireland’s leading rating consultancy firm, established over 60 years ago, with the core objective of ensuring that our clients’ rates liability is kept to a minimum. Since our establishment in 1954, we have successfully secured significant savings via negotiation with Tailte Éireann or on determination from the Valuation Tribunal and higher courts.
We have extensive experience in dealing with all types of relevant rateable property – offices, retail, industrial, licensed, leisure, hospitality, health, pharmaceutical, utilities, infrastructure and energy assets.
Cork Revaluation
Tailte Éireann, formerly the Valuation Office, are currently undertaking the revaluation of all commercial properties in Cork City and Cork County Council areas. This process involves a number of steps over a 3-year period as follows:
Q3 2025 - Valuation Order is published confirming the relevant market valuation date and timeframes involved in the process.
Q3 2025 - Simultaneously notices will issue to ratepayers directing them to the Tailte Eireann Occupier Portal requesting property details and lease information to be completed within 28 days.
Q1 2027 - Proposed Valuation Certificates (PVCs) will issue providing ratepayers with 40 days to submit representations if they are not happy with the new valuations.
Q3 2027 - Final Valuations Certificates (FVCs) will issue providing ratepayers with a 28-day window in which to lodge an appeal to the Valuation Tribunal.
Q1 2028 - The New List will become effective from 1st January 2028
The Revaluation is intended to bring more equity, fairness, and transparency into the local authority rating system by creating a much closer and uniform relationship between modern rental values and commercial rates payable.
The Revaluation exercise is a redistribution of the overall rates burden and is therefore revenue neutral. However, this means that whilst some ratepayers will experience a welcome reduction in their liability, others will experience increases, some of which can be significant and unexpected.
We are here to advise you as to whether your new proposed rates are reasonable and what options are available to challenge them, as necessary. Contact us today on 01 6762711 or email us at [email protected] to find out how we can assist you in mitigating your rates liability.
Key services
- Revaluation
- Revision
- Global Valuations
- Valuation office representations and negotiations
- Valuation tribunal appeals
- Vacancy relief applications
- Rates exemptions
- Budget forecasting
It is essential that ratepayers ensure that their Rateable Valuations are fair and equitable and seek specialist advice to ensure that their interests are full protected. Also, strict timeframes and deadlines must be adhered to as part of the appeal process so early advice is recommended.
We would be happy to explain in further detail should you wish to contact us.
