Rates are calculated by multiplying the valuation of your property by the annual rate on valuation (ARV). The Commissioner of Valuation is responsible for valuations and the Local Authority for the ARV. Both of these terms are clarified as follows:
- Valuation:
The valuation of property is determined by the Commissioner of Valuation. The basis of valuation is the Net Annual Value (NAV) i.e. the open market rental value of the property at a specified valuation date. For the purposes of revaluation in Dún Laoghaire the relevant valuation date was the 1st January 2024. - Annual Rate on Valuation (ARV):
The "Annual Rate on Valuation" (formerly known as "the rate in the pound"), is in effect a multiplier, and it is determined by the Council at its Annual Budget Meeting. The "rate" is then levied by the Chief Executive following a public notification process. The annual rate on valuation for 2024 is €0.2077. Both the valuation and ARV are shown on your rates demand and a sample calculation would be as follows:
Rateable Valuation x Annual Rate of Valuation = Rates
eg. €100,000 x €0.2077 = €20,770.00
Service Type