Occupiers of all commercial properties/installations are liable for payments of rates. Rates are also payable on vacant properties. In these cases the owner/leaseholder is liable. A refund of up to 50% of rates paid on vacant properties may be made if certain conditions are met.
Each property has a Rateable Valuation which is assessed by the Valuation Office in Dublin. This valuation remains unchanged unless there is a material change in circumstances.
The elected council members set an Annual Rate on Valuation at their budget meeting each year.
The rate bill is calculated by multiplying the Rateable Valuation by the Annual Rate on Valuation.
If you feel that there has been a material change in circumstances which would result in a revision of your rateable valuation you may apply to the Valuation Office in Dublin. The fee for this is €250 per account.
Full details are available from the valuation office by e-mail on mailto:valoff.ie.
You must also quote your own rate number.
The Local Government Reform Act 2014 provides for a wide range of reforms to local authority functions, structures and funding, and includes a number of changes in respect of commercial rates.
Section 32 of the Act places:-
Failure to notify Cork City Council of a change in interest within 14 days of the transfer date, may result in a penalty for non-compliance in that, the owner becomes liable for an amount which is equivalent to the level of outstanding liabilities (up to a maximum of 2 years liability).
Cork City Council,