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The tax is based upon the assessed market value of the property in May 2013. This valuation is to be used as the basis for a half-year payment in 2013, as well as 3 further full year payments in 2014, 2015 and 2016. The tax due is calculated via a system of market bands.
The valuation is a vital document in genealogical research, since in the absence of census records in Ireland before 1901 the valuation records in many ways can act as a substitute. Many of these records were also digitised and made readily available to the public online as part of the Ask about Ireland and Cultural Heritage Project initiative. [3]
Tailte Éireann (lit. ' Irish Lands ') is a state agency in Ireland responsible for property registrations, property valuation and national mapping services. It was established on 1 March 2023 from a merger of the Property Registration Authority (PRA), the Valuation Office (VO) and Ordnance Survey Ireland (OSI).
Prior to 1977, all property owners in Ireland had to pay "rates" – based on the "rateable valuation" of the property – to the local council. Rates were used by local authorities to provide services such as mains water and refuse collection.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
The collapse of the property bubble was one of the major contributing factors to the post-2008 Irish banking crisis. House prices in Dublin, the largest city, were briefly down 56% from their peak and apartment prices down over 62%. [3] For a time, house prices returned to twentieth century levels and mortgage approvals dropped to 1971 levels. [4]
It became known as Griffith's Valuation (the primary valuation of tenants) was commenced in West Corkin 1847–1849. Richard Griffith was the Director of the Valuation, he had previously been responsible for the building of the road from Skibbereen to Crookhaven, and the improvement of the road from Dunmanway to Bantry. Most of the detailed ...
Rates are a tax on property based on the capital value of the residential property on 1 January 2005. Domestic rates consist of two components, a regional rate set by the Northern Ireland Assembly and a district rate set by local councils. Rate levels are set annually. Valuation and rating of property is handled by Land and Property Services.