Galway Bay fm newsroom – Revenue of more than a quarter of a million euro is being lost to the city due to a delay in valuing properties for commercial rates.
That’s according to Sinn Féin councillor Mairéad Farrell who says the Valuations Office, based in Dublin, has a backlog in sending inspectors to evaluate sites and issue certificates.
As a result, 27 premises in the city currently have rate-free status, when they could be paying rates, had they been valued.
The Sinn Féin councillor says that there is potentially up to 285 thousand euro in potential commercial rates available from those 27 units.
Councillor Farrell says this is vital money which the local authority needs for services.