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File Photo. Mark Stedman/Photocall Ireland

Rates for 25,000 Dublin business owners set to be revaluated

Council estimate they will collect €342m in 2012.

BUSINESS OWNERS IN Dublin City are set to face new commercial rates in 2014, as 25,000 premises undergo a general revaluation.

The revaluations, which are due to take place in October and November of this year, will be the first to be carried out in Dublin in 100 years.

The Society of Chartered Surveyors Ireland (SCSI) have said that they hope the revaluations will bring more equity, fairness and transparency into the Dublin City Council rating system.

The Chairman of the Valuation Professional Group of the SCSI, Rory Lavelle, said:

The General Revaluation is likely to result in commercial rates increases for some business owners and decreases for others and is intended to result in a fairer distribution of commercial rates liabilities throughout the city.

Owners of the 25,000 premises are set to receive their new Proposed Valuation Certificates during October and November. They will then have 28 days to submit a representation if they are dissatisfied with their proposed valuation.

Lavelle said that it is important that business owners are informed about the revaluation and have produced an impartial guide.

Business representatives said they were keeping a watching brief on the changes and keeping their members informed.

“The size of the pie will remain the same, but it can have a major impact on some businesses in terms of how it is done”, Patrick King of Dublin Chamber of Commerce told TheJournal.ie.

€280m was collected by the council in 2011. This year they are forecasting to take €308m.

More than 1 in 10 business properties are lying empty>

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18 Comments
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    Mute Dave Hammond
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    Sep 6th 2012, 11:52 AM

    So they are forecasting they can take 12 million more this year , during the steepest recession in memory ,when I walk around the city centre I see small shops all closing , id be curios to know where that 12m will come from , did they do a lousy job at under collection last year or a fantasy job at predicting this year.

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    Mute Tim Jackson
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    Sep 6th 2012, 12:21 PM

    They should be taxing the rich corporations and dividends that the mega-rich are availing of. There is also a scheme called the “double irish arrangement” that Microsoft and Apple use to avoid paying taxes to Ireland. It is funneled into the Netherlands instead.

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    Mute Jeff
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    Sep 6th 2012, 12:57 PM

    Tim, Microsoft and Apple etc are not here for the weather or the “bright” educated workforce.

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    Mute Tim Jackson
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    Sep 6th 2012, 1:29 PM

    Of course not. That’s why we shouldn’t be a tax haven. It is not a sustainable economy. Low corporation tax did Not protect us in 2009 when HP and Dell left Ireland.

    Britain is currently introducing a wealth tax and we should be doing the same. There is nowhere for them to go now, unlike what the critics have previously claimed.

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    Mute Daniel Dudek Corrigan
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    Sep 6th 2012, 1:53 PM

    Apple and Microsoft (Google, CISCO, Intel, SAP, VMWare… to name few) are here, and yes, because it’s tax heaven.

    But they employ thousands of irish people, who bring good wage home every month, spend a lot of it in the country, and pay income taxes.

    36
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    Mute John Roche
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    Sep 6th 2012, 11:54 AM

    This revaluation will bring massive rate increases for most businesses. Anyone who thinks otherwise is in cloud cuckoo land. These new valuations will take into consideration improvements that people at their own expense have carried out over the years. In other words you will be shafted for improving your property. None of the valuers will have worked in the business sector and they will be working to a format which will not take the economic situation into consideration. This is the worst time possible to do this. Retailers are on the floor and these boys will revalue your property upwards. Lovely.

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    Mute Tim Jackson
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    Sep 6th 2012, 12:24 PM

    Mr. Roche,

    That is the result of having low taxes on corporations and loopholes that the rich use. As a result, small and medium businesses are penalized to fill this tax gap for the mega-rich.

    Britain is currently introducing a wealth tax and Ireland should be doing the same because they have nowhere else to go.

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    Mute Gavin Murphy
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    Sep 6th 2012, 12:09 PM

    I asked the rates office to review my rates. They told me to sent them a cheque and they would get to me in the next SIX MONTHS!!

    No Joke. Croke park my arse.

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    Mute Keelinover Ni Murchu
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    Sep 7th 2012, 4:53 PM

    A group of us got together and did the same, they couldn’t provide an explanation of how they were calculated but were quick to threaten court action for non payment. You also have to pay at the START of the year, when you don’t know what you are paying for, how it is calculated, before you even receive “it” or whatever it is

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    Mute Gavin Tobin
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    Sep 6th 2012, 12:00 PM

    Revaluation AKA price increase imposed by burger flippers who never worked in the real world.

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    Mute Tim Jackson
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    Sep 6th 2012, 12:26 PM

    People who voted for a right-wing conservative government are learning the hard lesson. They gave tax breaks to the rich and corporations recently. No different to Charlie McGreevey.

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    Mute John Roche
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    Sep 6th 2012, 12:56 PM

    I don’t disagree withTim Jackson. In every area small business takes the hit.

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    Mute Tim Jackson
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    Sep 6th 2012, 1:32 PM

    That wasn’t my point if you read my argument. Why do you think taxes are high on small businesses? Because corporation tax is low. Also consider the tax loopholes like the famous “double Irish arrangement” and then you get a huge tax shortfall. So it gets passed onto small businesses while the big corporations pay nothing.

    This is Fine Gael economics at its worst.

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    Mute John Roche
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    Sep 6th 2012, 1:57 PM

    Tim , I know why taxes are high on small businesses and its a result of policies pursued by successive govts for the past 40 years. The small guy always pays

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    Mute Gavin Murphy
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    Sep 6th 2012, 12:10 PM

    ..send

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    Mute mcbab
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    Sep 6th 2012, 6:53 PM

    Tim you say Britain is introducing a wealth tax (not true by the way) but explain to us all how you agree with that if Britain did do it and yet disagree with a property tax and water charges here with Britain already has. Can you not see what a hypocrite you are?

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    Mute Keelinover Ni Murchu
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    Sep 7th 2012, 4:49 PM

    Too little too late for the majority of us who were forced to close because of them….. And repeated requests for transparency were ignored

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    Mute Elrat
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    Sep 6th 2012, 11:19 PM

    The rates in Limerick city are higher than bloody Grafton Street in Dublin !

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