S.I. No. 589/2006 - Valuation Act 2001 (Global Valuation) (Apportionment) (NTL) Order 2006

S.I. No. 589 of 2006

ORDER

entitled

Valuation Act 2001 (Global Valuation) (Apportionment) (NTL Order 2006

Made by the Minister for Finance

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) (NTL) Order 2006.

2.         In this Order -

“areas” means administrative areas within the meaning of the Local Government Act 2001 (No. 37 of 2001);

“authorities” means rating authorities within the meaning of the Local Government Act 2001 ;

“valuation” has the meaning assigned by Article 3(1).

3.         (1)     The Commissioner of Valuation shall apportion the valuation of the public utility undertaking which trades as NTL, determined pursuant to the Valuation Act 2001 (Global Valuation) (NTL) Order 2005 ( S.I. No. 726 of 2005 ) (in this Order referred to as the “valuation”), between authorities, pursuant to section 53 (8) of the Valuation Act 2001 (No. 13 of 2001), in accordance with paragraphs (2) and (3).

(2)       The valuation shall be apportioned between the 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 2001 ( S.I. No. 491 of 2001 ), bears to the total population of those 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 an authority to which paragraph (2) relates, the valuation apportioned to such authority under that paragraph shall be multiplied by a factor of 0.002372 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) results in the amount concerned being an amount in euro and 50 cent, that amount shall be rounded upwards to the nearest whole euro.