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28/03/2024
Rates Suspension And Refunds For Victoria Square Apartment Owners
The owners of the disputed Victoria Square Apartments will no longer be charged rates, with refunds to be issued for rates paid since April 2019.
The valuation of properties within the Victoria Square apartment block has been subject to review by Land & Property Services (LPS) as part of an ongoing valuation appeals process. This was reassessed following the High Court Judgment earlier this month. Given the specific and complex set of circumstances faced by the owners in this case, LPS no longer considers it reasonable from a rating perspective to conclude the properties are rateable and has determined the impacted properties can now be removed from the Valuation List.
Welcoming the rates resolution, Finance Minister Caoimhe Archibald said: "The owners of the Victoria Square Apartments have endured significant turmoil having found themselves in a difficult situation through no fault of their own.
"I have been determined to find a way forward in respect of rates for the Victoria Square Apartment ratepayers.
"I'm now able to announce that Land & Property Services will be writing to the residents impacted to inform them there will be no further rate bills, rates paid will be refunded, rate arrears will no longer be pursued and any court action will be ceased.
"I hope this positive outcome will provide some relief to the residents."
The Minister concluded: "I am committed to working with Ministerial colleagues to help residents."
The valuation of properties within the Victoria Square apartment block has been subject to review by Land & Property Services (LPS) as part of an ongoing valuation appeals process. This was reassessed following the High Court Judgment earlier this month. Given the specific and complex set of circumstances faced by the owners in this case, LPS no longer considers it reasonable from a rating perspective to conclude the properties are rateable and has determined the impacted properties can now be removed from the Valuation List.
Welcoming the rates resolution, Finance Minister Caoimhe Archibald said: "The owners of the Victoria Square Apartments have endured significant turmoil having found themselves in a difficult situation through no fault of their own.
"I have been determined to find a way forward in respect of rates for the Victoria Square Apartment ratepayers.
"I'm now able to announce that Land & Property Services will be writing to the residents impacted to inform them there will be no further rate bills, rates paid will be refunded, rate arrears will no longer be pursued and any court action will be ceased.
"I hope this positive outcome will provide some relief to the residents."
The Minister concluded: "I am committed to working with Ministerial colleagues to help residents."
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