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How are Commercial Rates Calculated?


There are two factors involved – the Rateable Valuation and the Annual Rate on Valuation.

 

Rateable Valuation (RV)

The rateable valuation of property is determined by the Commissioner of Valuation.  The valuation of your property is assessed by reference to the values of comparable properties on the valuation list.

 

Annual Rate on Valuation (ARV)

The second factor included in the calculation of commercial rates is the Annual Rate on Valuation (or multiplier).  This is determined by the Council at its Annual Budget Meeting.

The annual rate on valuation in Kildare for 2016 is 68.95.

The rates liability for a property is calculated by multiplying the Rateable Valuation by the Annual Rate on Valuation.

Example:

RV                               Annual Rate on Val                Rate Demand
100                 x                      68.95              =            €6,895