Rates val­u­a­tion clinic

Wicklow People (West Edition) - - NEWS -

A RATES eval­u­a­tion clinic will take place in Wick­low town to­day (Wed­nes­day, Septem­ber 25) in prepa­ra­tion for when the new valu­a­tions take ef­fect in Jan­uary of next year.

The Val­u­a­tion Of­fice has now com­pleted the reval­u­a­tion of all com­mer­cial prop­er­ties in County Wick­low and will be­gin is­su­ing Fi­nal Val­u­a­tion Cer­tifi­cates to all ratepay­ers.

The Valu­a­tions Of­fice will hold a ‘walk in’ clinic to­day from 10 a.m. to 4 p.m. in Wick­low County Coun­cil, County Build­ings on Sta­tion Road. Val­u­a­tion Of­fice staff will be present to an­swer queries re­lat­ing to the Fi­nal Val­u­a­tion Cer­tifi­cates. Ap­point­ments are not nec­es­sary. Ratepay­ers at­tend­ing the clin­ics are asked to bring their Fi­nal Val­u­a­tion Cer­tifi­cate along with them.

The new valu­a­tions list for Wick­low, pub­lished on Tues­day, Septem­ber 10, will take ef­fect for rates pur­poses from Jan­uary 1, 2020. Busi­ness own­ers should be aware that the Val­u­a­tion (NAV) on the Fi­nal Val­u­a­tion Cer­tifi­cate is ‘not’ a rates li­a­bil­ity but a state­ment of the pro­posed val­u­a­tion on which rates will be cal­cu­lated from Jan­uary 1.

The amount of com­mer­cial rates payable in any year by a busi­ness is cal­cu­lated by mul­ti­ply­ing the val­u­a­tion of the prop­erty, known as the Net An­nual Value (NAV) by an An­nual Rate on Val­u­a­tion (ARV). The NAV pro­vided by the Val­u­a­tion Of­fice and can be found on your Fi­nal Val­u­a­tion Cer­tifi­cate. The ARV is set by the Lo­cal Author­ity and cur­rent in­di­ca­tions are that the ARV for 2020 could be 0.228. There­fore, in or­der to cal­cu­late your likely rates li­a­bil­ity for 2020 you should mul­ti­ply the val­u­a­tion by the In­dica­tive ARV of 0.228.

The ARV of 0.228 is an in­dica­tive fig­ure set by Wick­low County Coun­cil to pro­vide ratepay­ers with an es­ti­ma­tion of what their 2020 rates li­a­bil­ity may be and could be sub­ject to change dur­ing the Coun­cil Bud­get process in Novem­ber.

Any ratepayer who is dis­sat­is­fied with any ma­te­rial as­pect of their Val­u­a­tion Cer­tifi­cate can ap­peal the val­u­a­tion to the in­de­pen­dent Val­u­a­tion Tri­bunal within 28 days of the pub­li­ca­tion of the new Val­u­a­tion, up un­til Oc­to­ber 14 and there is a fee charged for sub­mit­ting an ap­peal to the Tri­bunal.

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