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EFFORTS ARE BEING made by the Revenue Commissioners to ensure that individuals have valued their homes correctly for property tax.
This follows Local Property Tax (LPT) being “mainstreamed” into normal tax collections the Revenue has said.
The State agency is now, ”focussing on compliance activity and on ensuring that all property owners pay the correct amount of LPT.”
The most recent figures on LPT, released in July, show that the government has been gradually stepping up its efforts to recuperate what it is owed. In 2013, 31,000 mandatory reductions were made to pensions or wages for unpaid LPT.
This had increased to 50,500 last year, and so far to the start of July in 2015, 62,900 mandatory reductions have been made.
Revenue has what it describes as a “sophisticated data analysis reporting tool” that allows it to look for ‘outliers’ – properties that have values that are out of sync with similar houses close to it.
Doing this the LPT average for a certain area can be determined, making it clear if an individual property is paying less.
Since the introduction of the tax there have been more than 8,200 cases where the owners have opted for self-correcting the value of their properties upwards.
Home owners have their rate of their LPT set after self-assessing the value of their own dwelling. The current date for property values that LPT was set on was 1 May 2013. Rates will be revised against house prices at the end of October next year.
Revenue may investigate the rate LPT is paid at on a house depending on what its selling price is.
If the value of a property has gone up by more than 25% in Dublin or more than 15% nationally since May 2013 then the individual selling the home is required to provide evidence that the original valuation they submitted was correct.
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Your house is only worth what someone is willing to pay for it.
My house is worth a lot more than that. It’s where I grew up and raised my kids. Not everyone thinks of everything in terms of money.
So you paid the highest rate of property tax based on he house’s sentimental value.
Katie is a troll. Don’t feed her.
trolls require intellect … That’s missing
@ meehawwl o buachailla a very busy troll at that!!!
So will you get a refund ? Since the lpt was for local services and since it was introduced in the last couple of years. Some services have been cut or closed. Libraries closed. Roads not gritted in bad weather, footpaths falling apart , children’s playgrounds being maintained and insured by local people. Public green areas being maintained by locals. List goes on.
But your got a brand new water meter for your money??!!
“Sophisticated Data Analysis Reporting Tool” I.E. John that started with us through jobsbridge spends his time trawling through Daft.ie!
You forgot Google Maps, Simon.
Well done revenue! /sarcasm Sčumbâgs
Absolutely Sledro this thing of civil servants doing their job is positively oppressive. Imagine, Revenue collecting taxes that may be owed to the State to run our health and other services. It’s outrageous. People should be allowed to pay only what they think they can afford. That’s always worked out well for us what with the innate honesty of Irish taxpayers and all that. And Revenue should only be allowed to go after taxes where the taxes are politically popular or pass some kind of vox pop. There now. Glad I got that off my chest.
You forgot to mention that only “the rich” should be taxed John.
Tut tut…
John. …how’s the job at revenue going? …do they tickle your tummy for you when you roll over. ?
Ah now Marc I’d rather a wild beast ticked my belly than let Revenue tickle any part of me. I’m more likely to come out of it with most of me intact. My advice: pay your taxes and don’t attract the attention of Revenue. It rarely ends well.
MK76 you’re right of course. A terrible oversight. Tax the rich. Swine the lot of them. I feel much better now.
John. ..some of my best friends are revenue people
Where I live (Kildare) that’s sweet f..k all at the minute.
Property bubble me b…ox
Ah local property tax that helps the local authority provide services such as Water, Bin Collection, oh wait…. where does the money go ? It’s a tax on owning a house so it’s a tax for not been housed by the state… while we already pay for those to be housed by the state
You do know that local authorities provide all kinds of services from planning to fire services, from recreation facilities to housing right?
Reg, I’m sure you are aware that planning, fire services and lighting, housing (which is shared with environment, btw) and maintenance were all there from 1921 to 2013 when LPT was introduced. Phil is right, we used to share these resources, but now they are paid privately or based on taxed on intangible valuations of property. Show me where the previous budget for these services has been diverted to for the benefit of the country, and you might have a case.
And we used to have other forms of taxation to pay for these things like hight stamp duty rates and befor that rates. The forms of taxation are changing to broaden the tax base and make it more sustainable.
you have to pay for fire services if you call them out, on top of LPT
You do Peter but do you think the call out charge from the number of fires in a county covers the cost of providing that service?
Think reg is getting confused. He thinks we are in the UK where their lpt called council tax pays for emergency services, refuse collection, etc. Here it pays for not a lot since iw get ,66%.
Rates were not abolished Reg. they were incorporated into the VAT tariff.
True enough, the average standard rate of VAT was about 30% during the ’80s after the abolition of rates. However the VAT rate came down to 21% in the early ’90s.
LPT is grossly unfair much more than water charges. The fact it goes up if you improve your house is disgraceful.
Dublin property subsidising rural property is a sham, if it for local services how does that make sense. No credit for stamp duty paid is highly offensive.
People commuting through where I live degrading my quality of life while they pay less stamp duty and take a subsidy from mine!
LPT is far from perfect but is a great deal fairer then the property tax system that preceeded it (hight stamp duty rates).
Rural taxpayers subsidising Luas and other Dublin projects while rural Ireland suffers through lack of investment is also unfair. Rural Ireland supplying Shannon river water to Dublin is Also unfair. So, my question to you is; can we have our money back please?
Rural house owners by and large pay a fraction of what Dublin house owners pay in LPT. If rural councils had to fully fund their own services rural house owners would be paying much more. I think you need to check who’s subsidising who!
Stamp duty was fairer if you only paid it once and didn’t have to pay LPT afterwards which is what many did. You also didn’t pay it on improvements.
As for rural Ireland subsidising Dublin it is patently ridiculous. Most taxes generated in this country come from the capitol. Dublin subsidises most rural up keep on capital expenditure and subsidised services. The likes of the Luas saves millions of costly road works and congestion. A huge portion of all goods used in the country travel through Dublin. That benefits the rural communities.
Stamp duty was not fairer because many people had to pay it multiple times, trading up, moving house for work purposes etc., whilst many people never had to pay it. What was fait about that?
Then there were people who bought their house many years ago and paid comparitively little stamp duty and nothing since while those that purchased a house ten years ago could have paid 30k. Nothing fair about that either.
An annual charge is a much fairer system and also much more sustainble than a tax that relies on transactions.
Sunshine just a minor correction. You don’t own the Shannon water. We all do. Secondly if some of it has to be extracted the relevant capital works, as always, will form but a portion of the State’s overall capital envelope and will in the main be paid by urban taxpayers who pay the bulk of taxes in this State.
The urban areas massively cross subsidise rural areas outside of large towns. I for one as an urban taxpayer have no problem with this at all. It’s called civilisation. But the notion that the situation is the reverse, as you describe it, is risible. If you want the luas them move to Dublin. Only Dublin, barely, has the population density for luas style services. This of course is due to the insistence of so many Irish people on living in rancheros in the countryside as opposed to building scale in their local towns and villages by choosing to live there. These same people them bemoan the abandonment of rural Ireland and the loss of the village pub when their own lifestyle choices have created the very problems they lay at the door of urban dwellers.
I payed stamp duty on my house and would much rather that than this revenue raising system that lands through your letter box each year with menace that pay up or we ll take it from ur wages
Irish citizens voted to abolish Local Property Tax on Family Homes 30 years ago …it was called household rates.
It is regressive, odious and unacceptable in any civilised society. (A 12th century serf law legacy- should go the way of inheritance tax) Only thick chickens would try to reintroduce it.
Rural Home Owners benefits from the Local Property Tax:-
1. No mains water
2. No mains sewage system
3. No street lighting
4. No footpaths
5. No cycle lanes
6. No buses
7. No Dart
8. No Luas
9. No public parks
10. No subsidised theaters
Yes we should have a cycle lane, bus or luas to every house in the country? Are you prepared to pay the taxes to cover it all?
Fine Gael and Labour and any other thick chicken who tries to reintroduce a “regressive tax” like Local Property Tax on Family Homes will get an almighty Kick in the Poll at the next election. It is not water charges that are pissing people off it is the “regressive” tax on Family Homes.
@John R – well said! Many of the problems of rural Ireland are exacerbated by those living here.
Dublin slowly turning into London. either you squabble for a tiny 1 bed apartment where rents take most of your wage or you can be well off.
I wouldn’t be one bit suprised if FG are artifically forcing price hikes in the property market to get more LPT.
Noonan said that he’s not interested in raising the money taken in from LPT. I expect to see something in the budget.
He’s not interest in raising the rates. Market prices will ensure that the overall revenue will increases even if the services budget stays the same and homeowners do not manifest the increase in market value (i.e. most people don’t sell, but the rate homeowners pay can rise 10% to 50% depending on the area with not interaction from noonan). It is still going up, and FG/Govt have a motivation for this.
LPT was one of the best screw overs by a government.
revenue are a total law into themselves. …they seem to answer to no one and be outside the rules that apply to the rest of the state. dangerous for a so called democracy
Would you prefer politicians could interfere at will? Revenue apply the law. That’s it. Nothing sinister about it.
sunshine. ..depends on what you regard as fair laws
Surprised waddler hasn’t commented yet on the neo liberal jack boot economic policies of the hated government keeping down the proletariat.
If you read your comment you’re spreading his message, only shorter. Keep up the good work.
The LLA clearly don’t get sarcasm.
Just add it to the ever growing list, largely dominated by anything economics related.
Little Jim, I thought of those words all by myself, no need for cut and paste!
perfect Sunshine!
Why would anyone pay that TROIKA TAX…
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