€123.7m in commercial rates collected by Cork County Council last year

Cork County Council collected €123.7m in commercial rates in 2018, which accounted for 38% of its total revenue that year.

It represents an increase of more than €30m on the commercial rates collected in 2010 and does not include the €12.29m the local authority had to strike off last year deemed to be “irrecoverable” last year, primarily due to business closures.