The amount of commercial property rates on your property depends on the Rateable Valuation of the property. If this is not correct, the rates charged for your property will also be incorrect. In such a situation, you need to request a reassessment of the Rateable Valuation of the property. For this, the Valuation Office needs to be contacted.
Before you take any step in this regard, you need to have a clear idea about what Rateable Valuation refers to. It is the net letting value of the property for a year. This monetary value is the amount you may get as the rent of your property if it was let out on the open market.
The review by the Valuation Office includes the following steps:
Step 1: Inspection of the property: A Revision Officer responsible for the inspection of the property gets in touch with you and fixes an appointment for this. The inspection is to determine the property valuation.
Step 2: Preparation of the draft certificate: The Revision Officer drafts this document complete with the proposed valuation of the property and other relevant details. He/she sends this to you. If you have any points to make, you need to write to the Valuation Office within 28 days from the day you receive the draft certificate.
Step 3: Preparation of the final certificate: After the Revision Officer reviews the points you have made; he/she will prepare the final rateable valuation certificate of your property and send it to you.
If you are still not happy about the Rateable Valuation of the commercial property you own and/or occupy, you may have ways to appeal against it. The first place where you may submit an appeal is the Valuation Office. However, you have to do this within the next 40 days from the issuance date of the final certificate.
You need to contact the Valuation Office to get the correct form that you need to fill in and submit it along with the necessary fees. The decision regarding your appeal is completed by the Commissioner of Valuation within 6 months.
If your appeal to the Valuation Office does not yield satisfactory results, you may make an appeal to the Valuation Tribunal, which is an independent body established to resolve disputes regarding Dublin City revaluations. However, to make an appeal to this body, you must:
- Make the appeal within 28 days from the decision by the Valuation Office
- Make the appeal in writing
- Submit the necessary fees
- Specify the grounds for your appeal
The decision of this body is final regarding the amount of rateable valuation of a property.
It is a good idea to get in touch with a professional for understanding the appeals process. This is especially necessary if you do not have any experience in these matters. The complex nature of the problem makes it necessary to seek advice and guidance. Enquire whether your estate agents provide help with these matters.
If you think that points of law are involved in the matter, you may consult a solicitor to make an appeal to the Court System.
Alias Hamilton has worked as a property consultant in Ireland and specialises in offering real estate advice. He provides a brief overview of the way valuers property rates can be appealed. If you are looking for companies specialising in facilities management, he suggests you to visit http://www.lisney.com/ for more details.