Entry Year Property Levy
What is entry year property levy?
The entry year property levy is a charge which the local authority applies to all newly
erected or newly constructed properties pending the levying of commercial rates. It
was introduced in 2007 under the Local Government (Business Improvement Districts) Act 2006, which was enacted on the 24th December 2006.
Is the levy additional to commercial rates?
No. It is only billed until such a time as the property becomes liable for commercial
How is the levy calculated?
The levy is calculated by reference to:
· Rateable valuation of the property as determined by the Commissioner of Valuation.
· The annual rate on valuation as determined by the Council.
· The date (entry date) the property is valued for rating purposes (i.e. entered in the valuation list).
· The number of days from the effective valuation date to the end of the year.
Example of calculation of levy payable on a property
Assuming a property is newly constructed and capable of occupation on 30th January 2018 and it is valued for rating purposes with an effective Valuation date of 30th January 2018, with a rateable valuation of €10,000. The annual rate on valuation (a multiplier) determined by the Council at its annual budget meeting for 2018 is 0.147. The bill for the relevant portion of the year would be calculated as per the following example:
· RV (Rateable valuation of property) = €10,000
· Annual rate on valuation for 2018 = 0.147
· Number of days = 337
· Days in year = 366
· Property entry levy payable for the year =>
€10,000 x 0.147 x 337 divided by 365 = €1,357.23
Who is liable for the levy?
According to the Local Government (Business Improvement Districts) Act 2006, the ‘levypayer’ is liable. The levy payer can be either:
· The person who is in occupation of the property on the entry date i.e. the date the property is placed on the valuation list or
· If the property is vacant at the entry date, the owner.
If the property is unoccupied, is the levy payable?
Yes. Fifty percent (50%) of the charge is payable by the owner if the property is unoccupied on the entry date.
The following conditions apply in order to avail of this reduced rate (proofs required):
· The owner was not occupying the property on the entry date.
· No other person was entitled to occupy.
· Attempts were being made to let the property at a reasonable rent.
When does the levy become payable?
The levy becomes payable in full 14 days after the bill is issued.
How can the levy be paid?
- Cash/Cheque/Postal Order payable to Fingal County Council at Cash Office, Main Street, Swords, Co Dublin.
- Standing Order: Contact Rates Office to set up payment.
- Direct Debit: Contact Rates Office to set up payment.
E.F.T. Our Bank Details are BIC: AIBKIE2D IBAN: IE98AIBK 932523 20869113
You must quote your account number on all correspondence.
What happens if levy remains unpaid in full after 14 days?
In the event that the levy remains unpaid in full after 14 days, Fingal County Council will have no alternative but to recover the bill as a contract debt. You should contact the Council if you wish to make payment by instalments.
Will the levy be recalculated if rateable valuation of the property for the levy year
is amended on appeal?
Yes. The account will be recalculated using the amended rateable valuation for the
property from the effective date. If the account was overpaid as a result of the initial
assessment, a refund will be made to the levypayer. If the amendment results in an
underpayment, the levypayer will be responsible for the amount owing.