Rates valuation clinic
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.