Valuation Act 2001

PART 12

Rates Incomes of Local Authorities

Power to limit rates income.

56

56.F57 [ (1) In this section

appropriate year means the financial year immediately following the effective date in relation to the valuation list that, for the time being, stands published in respect of the area of the rating authority concerned;

consumer price index number means the All Items Consumer Price Index Number compiled by the Central Statistics Office;

consumer price index number relevant to the appropriate year means the consumer price index number most recently published by the Central Statistics Office before the effective date mentioned in the definition of appropriate year in this subsection;

consumer price index number relevant to the preceding year means the consumer price index number lastly published by the Central Statistics Office before the day that falls 12 months before the day on which the consumer price index number referred to in the preceding definition is published;

preceding year means the financial year that immediately precedes the financial year mentioned in the definition of appropriate year in this subsection. ]

F58 [ (2) The Minister for the Environment, Heritage and Local Government shall, with the consent of the Minister for Finance, make an order requiring a rating authority to exercise its powers to make rates in such a manner as to secure that the total amount liable to be paid to it in respect of rates made by it in the appropriate year does not exceed an amount determined by the formula

A x (B + C)

where

A is the figure specified in subsection (3) ,

B is the total amount liable to be paid to the rating authority in respect of rates levied by it in the preceding year, and

C is an amount determined by the formula

D x (E + F)

where

D is the annual rate on valuation that was levied by the rating authority for the preceding year pursuant to section 103 (7)( b )(i) of the Local Government Act 2001,

E is the aggregate valuation of relevant properties in the area that, pursuant to the exercise of a revision officer s powers under section 28(4)( b ) of this Act, were included on the valuation list for the preceding year, as that list was amended for that area in relation to those properties under section 28(10) , and

F is the total increase, if any, in valuations for relevant properties in the area that occurred during the preceding year pursuant to the exercise of a revision officer s powers under section 28(4)( a ) and which exercise resulted in amendments to the valuation list for that preceding year in accordance with section 28(10) . ]

(3) The figure mentioned in subsection (2) is the quotient, rounded up to 3 decimal places, obtained by dividing the consumer price index number relevant to the appropriate year by the consumer price index number relevant to the preceding year.

Annotations:

Amendments:

F57

Substituted (8.06.2015) by Valuation (Amendment) Act 2015 (10/2015), s. 31, S.I. No. 229 of 2015, subject to transitional provisions in ss. 41 to 45.

F58

Substituted (24.12.2006) by Local Government (Business Improvement Districts) Act 2006 (42/2006), s. 8, commenced on enactment.

Editorial Notes:

E75

Power pursuant to section exercised (9.11.2018) by Valuation Act 2001 (Laois County Council) (Rate Limitation) Order 2018 (S.I. No. 456 of 2018).

E76

Power pursuant to section exercised (9.11.2017) by Valuation Act 2001 (Leitrim County Council) (Rate Limitation) Order 2017 (S.I. No. 493 of 2017).

E77

Power pursuant to section exercised (9.11.2017) by Valuation Act 2001 (South Dublin County Council) (Rate Limitation) Order 2017 (S.I. No. 492 of 2017).

E78

Power pursuant to section exercised (9.11.2017) by Valuation Act 2001 (Kilkenny County Council) (Rate Limitation) Order 2017 (S.I. No. 491 of 2017).

E79

Power pursuant to section exercised (9.11.2017) by Valuation Act 2001 (Westmeath County Council) (Rate Limitation) Order 2017 (S.I. No. 490 of 2017).

E80

Power pursuant to section exercised (9.11.2017) by Valuation Act 2001 (Kildare County Council) (Rate Limitation) Order 2017 (S.I. No. 489 of 2017).

E81

Power pursuant to section exercised (9.11.2017) by Valuation Act 2001 (Sligo County Council) (Rate Limitation) Order 2017 (S.I. No. 488 of 2017).

E82

Power pursuant to section exercised (9.11.2017) by Valuation Act 2001 (Carlow County Council) (Rate Limitation) Order 2017 (S.I. No. 487 of 2017).

E83

Power pursuant to section exercised (9.11.2017) by Valuation Act 2001 (Roscommon County Council) (Rate Limitation) Order 2017 (S.I. No. 486 of 2017).

E84

Power pursuant to section exercised (9.11.2017) by Valuation Act 2001 (Offaly County Council) (Rate Limitation) Order 2017 (S.I. No. 485 of 2017).

E85

Power pursuant to section exercised (9.11.2017) by Valuation Act 2001 (Longford County Council) (Rate Limitation) Order 2017 (S.I. No. 483 of 2017).

E86

Power pursuant to section exercised (8.01.2015) by Valuation Act 2001 (Limerick City and County Council) (Rate Limitation) Order 2015 (S.I. No. 2 of 2015).

E87

Power pursuant to section exercised (19.12.2013) by Valuation Act 2001 (Waterford City Council) (Rate Limitation) Order 2013 (S.I. No. 521 of 2013).

E88

Power pursuant to section exercised (19.12.2013) by Valuation Act 2001 (Waterford County Council) (Rate Limitation) Order 2013 (S.I. No. 519 of 2013).

E89

Power pursuant to section exercised (19.12.2013) by Valuation Act 2001 (Dungarvan Town Council) (Rate Limitation) Order 2013 (S.I. No. 518 of 2013).

E90

Power pursuant to section exercised (19.12.2013) by Valuation Act 2001 (Dublin City Council) (Rate Limitation) Order 2013 (S.I. No. 517 of 2013).

E91

Power pursuant to section exercised (23.12.2010) by Valuation Act 2001 (Dún Laoghaire-Rathdown County Council) (Rate Limitation) Order 2010 (S.I. No. 658 of 2010).

E92

Power pursuant to section exercised (23.12.2009) by Valuation Act 2001 (Fingal County Council) (Rate Limitation) Order 2009 (S.I. No. 587 of 2009).

E93

Power pursuant to section exercised (20.12.2007) by Valuation Act 2001 (South Dublin County Council) (Rate Limitation) Order 2007 (S.I. No. 847 of 2007).