Print A REVALUATION of commercial rates in Limerick city could see some retailers paying more, depending on the location of their business and its rentable value.Despite a dramatic fall in rents, this will not necessarily translate into a reduction in rates, as some property owners will have to make up the deficit, from those whose rates are lowered or who cannot pay.The Limerick Post has learned that under the national programme to revalue all commercial property, work began on valuing Limerick properties in March of this year.However, a local ratepayer highlighted that people in upward-only lease reviews, who cannot renegotiate their rates’ could be penalised further.“There will also be no incentive to maintain or do up properties as this will be reflected in an increase in rent”, said the ratepayer.The new system will see the rentable value of the property multiplied by the annual rate on valuation (ARV), as set by the local authority, based on the revenue it needs to raise for the year.Sign up for the weekly Limerick Post newsletter Sign Up Conceding that there will be winners and losers in the process, Patrick Conroy of the Valuation Office, speaking to the Limerick Post ahead of a presentation given at the National Franchise Centre this Wednesday said:“The aim is to redistribute the burden to achieve more equity and fairness by capturing the market at the most appropriate valuation date.“The rental of a property is already based on the success and footfall in the area in which it’s located, and now rates will be on the same basis. If one street falls off in value the rates will fall, whereas there will be an increase on busy streets.“We don’t just make it up – all the details we collect from businesses will go to our market analysis unit”.He stressed that the local authority will gain no increase in revenue.“What they are entitled to collect has been capped and will remain the same”.Meanwhile, Siobhan Murphy of GVA Donal O’Buachalla property consultants who deal in valuations said that some ratepayers could face an increase of up to 100%.“People might be expecting a reduction in rates but in reality they could be making up for a decrease granted for others,” she told the Limerick Post.Explaining that with the council having to collect a fixed amount, there could be a ‘buffer’ of up to 20% involved to allow for non-collection, Ms Murphy added:“It’s early to tell what the effects will be as only three out of 88 areas have had the new multipliers applied to date, despite the revaluation being ordered in 2005”.In the completed areas of Fingal, Dun Laoghaire and South Dublin the local authority multiplier ranged from 0.15 to 0.17, based on a 2005 valuation. It is expected this will be higher in Limerick due to a more dramatic decrease in rents .“Ratepayers will have just 28 days to submit representations. if unhappy with the new valuation certificate,” said Ms Murphy.An amendment bill is currently in place to hurry up the process and, should this be passed, will mean the removal of the right to internal appeal.A right to appeal to the Valuation Tribunal will remain and final valuation certificates will be issued in early December 2014 with the new valuation list coming into effect from January 1, 2015. Advertisement NewsLocal NewsRates hike scare for retailersBy admin – July 19, 2012 717 WhatsApp Previous articleKevin rises to big time in Dark KnightNext articleLimerick honeymooners ditch Mauritius as venue admin Linkedin Facebook Email Twitter
TAGSKeeping Limerick PostedlimerickLimerick Post LimerickNewsMassive Project will alleviate the risk of flooding in LimerickBy Mark Reilly – May 26, 2021 379 Print Linkedin RELATED ARTICLESMORE FROM AUTHOR Advertisement WhatsApp Twitter Facebook LIMERICK City and County Council has appointed RPS Consulting Engineers to work on the Limerick City and Environs Flood Relief Scheme after the Office of Public Works sanctioned the appointment with funding provided through the National Development Plan 2018-2030.The objective of the project is the identification, design and delivery of a flood relief scheme that is technically, socially, environmentally and economically acceptable to alleviate the risk of flooding to communities in Limerick city and its environs.Sign up for the weekly Limerick Post newsletter Sign Up The Consultants will develop and expand on the CFRAM work and use more detailed surveys and models to confirm the flood risks and establish the required flood protection works and associated benefits.The areas included in the broader Limerick City and Environs Flood Relief Scheme include:City Centre QuaysThomondgateCorballyAnnacottyMontpelierThe DocklandsCondell RoadBallinacurraRosbrienBallysimonOld Cratloe RoadWestbury and Shannon BanksIt will also include public realm elements of the URDF-funded Worldclass Waterfront project and the consideration of greenways and blueways along the Shannon and Dooradoyle.The flood relief scheme currently being progressed for King’s Island will form part of the Limerick City & Environs flood relief scheme and this scheme is currently awaiting approval from An Bord Pleanála.Separate flood relief schemes are also being developed for Castleconnell and Athea. Consultants are to be appointed for the Adare flood relief scheme later this year.An initial Public Consultation period will commence later this summer where the views of the public and other interested parties will be sought on the key issues to be considered.The period will also allow for the submission of any relevant local information to inform the project.Geotechnical Investigations and Topographic and Environmental surveys will also commence on the ground this year to inform the scheme options.Mayor of the City and County of Limerick Cllr Michael Collins said: “The risk of being flooded is very real risk for many people across Limerick city. The appointment of these consultants will begin the process of developing flood defences for Limerick. It is hugely important that we protect ourselves from flooding and it must be done in a sensitive and environmentally appropriate manner.”“Those devastating images and stories of people flooded in their homes have to become a thing of the past. We need to future proof our homes and businesses from the effects of climate change.”RPS Project Manager, Brendan Brice said “RPS is delighted to be appointed by Limerick City and County Council and the Office of Public Works as Engineering and Environmental Consultants for this important infrastructure project for Limerick City & Environs. RPS is committed to the absolute delivery of our clients’ projects and we look forward to working with all key stakeholders over the coming years to develop a scheme that will reduce flood risk and be compatible with the Council’s objectives for the public realm in the city.”A Cost Benefit exercise will be completed in Stage I, and where the scheme is assessed as being cost beneficial, it will progress to the planning and development stage. Email Previous articleMartin keeps cool after €1 million lottery winNext articleLimerick Camogie Announce Under-16 Panel Mark Reillyhttp://www.limerickpost.ie Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Limerick Ladies National Football League opener to be streamed live WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick’s National Camogie League double header to be streamed live Donal Ryan names Limerick Ladies Football team for League opener Roisin Upton excited by “hockey talent coming through” in Limerick
Previous articleTomorrow’s health support staff strike deferredNext articleStaff in limbo at Revenue & Customs office in Derry News Highland Google+ Homepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp Community Enhancement Programme open for applications Pinterest Motorists are being advised of a very bad oil spill between Ardara and Killybegs.Gardai in Ballyshannon say the current wet conditions has resulted in the spill spreading and are advising drivers to exercise caution. By News Highland – June 19, 2019 Arranmore progress and potential flagged as population grows Gardai advise of dangerous conditions following oil spill in South Donegal Facebook Loganair’s new Derry – Liverpool air service takes off from CODA Nine til Noon Show – Listen back to Monday’s Programme Twitter Pinterest Facebook WhatsApp Google+ Important message for people attending LUH’s INR clinic Publicans in Republic watching closely as North reopens further
Wrestlers Regional Results at Richmond.The Trojans team dominate The Regionals and win the team crown.Local teams- Lawrenceburg 4th, Milan 5th, South Dearborn 8th, Greensburg 12th, Batesville 15th, and Franklin County 16th.Seven Area Regional Champs!106 #.Garrett Condo-Milan. 113 #-Blake Wolf of East Central. 126 #-Eli Otto of South Dearborn. 145 #-Ben Wolf of East Central. 152 #-Bryer Hall of East Central. 160 #- Andrew Roth of Lawrenceburg. 182 #-Kole Viel of East Central. 11 from East Central are Semi-State bound, four from Milan and Lawrenceburg, three from South Dearborn, two from Greensburg and Batesville, and one from Franklin County.Batesville Wrestling continued their postseason traveling to Richmond for regionals. Three Bulldogs competed with 2 moving on to semi-state. Sophomore Alex Murphy competed at 113. He lost his opening match to the regional runner up. Murphy finished his season with a 31-10 record. Senior JT Linkel finished 4th at 145. Linkel won his first match by tech fall. Jt lost his next 2 matches. Sophomore Josh Mobley won his first match 10-3. Mobley lost in the semifinals before winning his final match to finish 3rd place. As a team, the Bulldogs finished 15th with 16.5 points. Bhs will next compete at semi-state in New Castle next Saturday. Failed to fetch Error: URL to the PDF file must be on exactly the same domain as the current web page. Click here for more infoSemi-States next Saturday @ New Castle.