S.I. No 250 of 2005

Valuation Act 2001 (Global Valuation) (Apportionment) (BT Ireland) Order 2005

I, Brian Cowen, Minister for Finance, in exercise of the powers conferred on me by sections 53(8) and 58 of the Valuation Act 2001 (No. 13 of 2001), after consultation with the Minister for the Environment, Heritage and Local Government, hereby order as follows:

1.         This Order may be cited as the Valuation Act 2001 (Global Valuation) (Apportionment) (BT Ireland) Order 2005.

2.         (1)       The Commissioner of Valuation shall apportion the global valuation of BT Ireland (formerly EsatBT), determined pursuant to the Valuation Act 2001 (Global Valuation) (EsatBT) Order 2004 ( S.I. No. 148 of 2004 ), between rating authorities, pursuant to section 53(8) of the Valuation Act 2001 (No. 13 of 2001), in accordance with paragraphs (2) and (3) of this Article.

(2)       The global valuation shall be apportioned between the rating authorities in whose areas property comprised in the valuation is situate in the proportion, expressed as a percentage, that the population resident in the area of each such authority, as determined by the census of population taken under the Statistics (Census of Population) Order 2000 ( S.I. No. 395 of 2000 ), bears to the total population of those rating authorities, as so determined.

(3)        (a)     In respect of the period for which an existing valuation list remains in force in relation to the area of a rating authority to which paragraph (2) of this Article relates, the valuation apportioned to such authority under that paragraph shall be multiplied by a factor of 0.002664 to establish the valuation to be entered in the central valuation list pursuant to section 58 of the Valuation Act 2001 . The apportioned and adjusted valuation for each rating authority shall be rounded to the nearest whole euro.

(b)     Where the apportioned and adjusted valuation established pursuant to subparagraph (a) of this paragraph results in an amount of euro ending with 50 cent, the amount concerned shall be rounded upwards to the nearest whole euro.