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MINISTER FOR FINANCE Michael Noonan has announced the full details of the property tax which will be introduced next year to replace the household charge.
The Local Property Tax, as it is called, will be charged at 0.18 per cent of the market value for houses worth under €1 million. Houses valued at more than that will be charged at 0.25 per cent of market value.
This means that a house worth €150,000 would pay €225 for one year.
Michael Noonan said that the market value of the property will be assessed by the owner, with the Revenue Commissioners providing valuation guidance for reference. Alternatively, owners will be free to use a ‘competent’ valuer.
The tax will kick in from 1 July 2013 and will apply for the second half of the year. The tax will be collected by the Revenue Commissioners.
New buyers will not have to pay the property tax for three years and people living in ghost estates will also be exempt from the charge.
The initial assessment of the market value will be valid until 2015, which Minister Noonan said would provide “three and a half years of certainty” for homeowners.
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Our thoughts and prayers are with Maurice in these difficult times.
The greased piglet will be rotating on a spit with an apple in his mouth soon..
@Irish Opinion: He’s never going to live that name down.
Hill—air its better than any play…brutally .humiliated conservatives…there is a god
Keep him on for a few more weeks for the craic. Then put priti in as PM
British exceptionalism is with o Leary in the grave……ha ha
I wouldn’t be a great fan of the Royal family at the best of times. But at least it seems that the Queen kept her head down and tried to discharge her duties with some measure of honour and integrity. I have to say that I kinda feel a little bit sorry for her. After 70 something years of faith service and 13 difficult prime ministers she must be appalled to find that in the twilight years of her life she gets stuck with Boris. He’s a bit like a “Floater” who keeps circling the drain but just won’t flush away.
Alexander is finished
Boris has a neck like a Jockeys Billocks
That’s too flattering to jockeys. His gonads are much tougher. He will have to be caught straying before Carrie gets the scissors to them – should not be long now.
The last time the body count went up like this was when Cromwell Street was excavated !
Jesus .. BoJo .. do us all a favour & just resign ..
@Rúraíocht: gripping stuff all the same
Boris has a neck like a Jockeys Billix
Apologies difficulties getting over the censorship
Boris has a neck like a Jockeys Gon@ds
Whoever gets the job cannot will not be of much use to the average person in the UK but will sadly not do the job like he has.
It was more like an old Ealing comedy than a government. One farce after another.
have your say