Property Levy;
The following FAQ’s address many of the queries which are regularly posed by members of the Public about the Property Levy on Commercial Property
What is the Levy on New Premises?
The property levy is a charge on newly constructed commercial property, which was introduced by the Local Government (Business Improvement Districts) Act, 2006. The property levy is payable until a commercial property becomes liable for County Rates.
How is the charge calculated?
The calculation is similar to that of Rate but the levy is charged only from the date the Rateable Valuation is assessed1 to end of year. Thus, if the Rateable Valuation of a new building is assessed on 1st May, the levy will be applied from 1st May to 31st December.
Example:
| Rateable Valuation |
€100.00 |
| Date Rateable valuation assessed |
1st May 2011 |
| No. of days to 31st of December 2011 |
245 |
| Rate on Valuation for 2011 (ARV): |
74.75 |
Levy Calculation:
| R.V. |
A.R.V. |
No. of Days |
Assessment |
| €100.00 x |
74.75 x |
245 ÷ 365 |
= €5,017.47 |
What happens if the Rateable Valuation changes on appeal?
The bill must be paid on the basis of the initial assessment. However, if the Rateable Valuation is altered on appeal, the levy will be adjusted accordingly. Consequential refunds will be made or additional payments requested, as appropriate.
Who is liable for the charge?
The occupier is liable to pay the levy. For vacant property it is the owner who is liable.
If the property is unoccupied, is the charge payable?
Yes, but levy is reduced by 50% if all of the following three conditions are met,
a) Property was unoccupied when the rateable valuation was assessed 1, and,
b) No person other than the owner is entitled to occupy, and,
c) The owner was genuinely attempting to let the property.
If all three conditions apply, the owner should contact the Collection Office immediately on receipt of a levy bill - contact details below.
When is the levy to be paid?
The levy should be paid in full within 21 days of the issue of a bill by the Council.
Is the levy payable as well as Commercial Rate?
Commercial Rate and Levy will not be charged on any particular premises for the same period.
The levy will apply from the date of assessment of the rateable Valuation of the property until the end of that year (Entry Year Property Levy)
In most situations, commercial rate will be charged from the start of the following year. However, in rare cases the levy will be charged for the following year (Post Entry Year Property Levy) instead of Rate.
How can I pay?
Any of the following payment methods may be used;
- Cheque/Draft, payable to Cork County Council, posted to Floor 6, County Hall or handed in to the Cash Office, Floor One, County Hall.
- Bank Credit Transfer
- Electronic Fund Transfer
- A standing order arrangement can also be made for monthly payments.
Cork County Council's Bank:
Allied Irish Bank
66 South Mall,
Cork
Name of Account:
Cork County Council
| |
Electronic Transfers |
Standing Orders |
| Bank Sort Code |
93 41 78 |
93 41 78 |
| Bank Account Number |
80919018 |
80919877 |
| Swift |
AIBKIE2D |
|
| IBAN Number |
IE37 AIBK 934178 80919018 |
|
Whichever method of payment is used, the levy account number(s) must be quoted in full (7 digits followed by letters LV and 2 further digits).
If paying by electronic transfer, your bank must tag the payment with the account number(s) and a remittance advice should also be posted, faxed or emailed to,
Collection Office,
Floor 6, County Hall,
Carrigrohane Road,
Cork.
Telephone: 021 4285252
Fax: 021 4346716
Email: collection@corkcoco.ie
Points of contact for further information;
N.B. Answers to the various questions are provided for guidance purposes only and should not be taken as a legal interpretation of relevant governing legislation.
Date assessed means date on which the property is first entered in the valuation list
