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Abbreviated form of legal source
Valuation Act
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Description of the process
This process step focuses primarily on commercial rates (i.e., levies on commercial properties) for existing onshore wind energy projects, that are adjusted every five to ten years. This process is called ‘Revaluation’ (s. 19 Valuation Act). The revaluation is carried out in order to update the commercial rates for properties in each county. It is based on the rental prices in the area and it affects all commercial spaces.
The ‘revaluation’ process has started by the Valuation Office and is realised for each local authority i.e., county separately. Generally, every local authority should amend and update periodically its commercial rates, with the assistance of the Valuation Office.
The ‘Revaluation’ process has been concluded in most of the counties until 2019 and it is expected to be concluded for all counties in 2022. -
Competent authority
Valuation Office
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Technologies
