Cork City Council is considering introducing full rate charges on vacant commercial properties. The proposal comes after Labour’s Peter Horgan criticized the current system, stating that businesses paying their rents and rates are effectively subsidizing empty buildings. Horgan emphasized that this situation is unacceptable and called for a fairer approach.
The council’s proposal would require property owners to pay full rates even if their buildings are unoccupied. This change would apply to all commercial properties that remain vacant for extended periods. The policy aims to generate additional revenue while encouraging the reuse of underutilized spaces.
This move follows growing concerns among local businesses about the financial impact of vacant properties. Many have reported that they are paying higher rates than property owners who keep their buildings empty. The council is expected to finalize the policy in the coming months, with a focus on balancing local economic needs and property management practices.
