Property Tax in Ireland is on the way.
If the government and the Revenue can get things sorted - they hope to be collecting the tax from July
2013
It won't be easy - given the poor registration levels for of the Household Charge. Thousands won't bother registering at all - and it will take loads of man hours and letters and money to track down all the homeowners in Ireland.
Eventually though - if the tax is kept on for ever - when a house is sold it will have to be paid.
But that won't help boost the poor finances of Ireland right now .
How Much Property Tax Will I have to Pay ?
We have a table showing the calculations for a range of house values .
Check out how much property tax will be for you here
The main problem is going to be how to work out the value of your home.
Revenue have produced an interactive valuation guide see more about that Property Tax Valuation Map
Owners will be expected to declare the value of their property - but how will they know what it is worth ?
The only reliable source of house prices is the government property price register . The problem is - that with so few sales - there is not a lot of information to see for many areas Even if there have been sales near you - there is not a scrap of useful information on the price register that allows you to compare houses . The register doesn't have any info about the house type (detached , bungalow, apartment, terraced) or the number of bedrooms . So - no valid comparison can really be made.
It will just be guesswork - with most people probably going for a low value.
I can see thousands of people just declaring the value as low as €50,000 just to pay the minimum charge.
Self assessment is just a way to avoid doing the job properly. Another hashed attempt at pleasing the IMF - which will result in a mess.
Nov 29, 2012
Property Tax In Ireland - Calculator
The implementation of a Property Tax in Ireland should be complete by July 2013.
The amount of Property Tax you pay will depend on the market value of your house.
Who decides what your house is worth ? You do !
The government haven't got the time or the money to send staff around all the houses in the country to value them - so they expect home owners to do it themselves . They have provided an online map based tool that shows average values - you can read more about the Revenue Valuation Map Here
How will home owners work out how much their house is worth?
If you have recently bought your house - then I suppose the value will be pretty close to what you paid for it . But - for those hundreds of thousands who bought a house several years ago - or got one built it won't be easy to try and place a figure on the value. The recently launched Property Price Register is the only source of house sale prices available - but it doesn't contain any details of house type (detached/semi) , or numbers of bedrooms - nothing except the sale date and price. In rural areas it will be almost impossible to find house sales to use for comparison.
Owners don't have to be too exact with the valuation - there are ranges or band of values with €50k intervals that they have to decide in which band to place their house. It does mean that - for example an apartment valued at €45,000 will be charged the same property tax as a house valued at €99,000. ((€90)
It also means that if someone values a house at €199,000 they will pay €315 - but if they value their house at €201,000 - they will pay €90 more. The property tax will increase by €90 for each band under 1million
Find Out Here - Much More about Property Tax in Ireland
These are the Irish Property Tax Rates for 2013 calculated using a rate of 0.18% on the mid value of each band. (0.25% used on portion of value over 1 Million )
Property Tax Calculator How Much Property Tax Will You Have to Pay ?
On a house Valued at €1.5 Million - the Property Tax will be €1800 plus 0.25% of 500,00 (€1250) giving a total of €3050
House Valued at 2 Million - Property Tax = €4300
The Property Tax is due to take effect from July 2013 - so only 6 months tax will be charged in 2013. The Household charge will be abolished from Jan 2013 and the NPPR is stopping in 2014.
Find out if you can avoid paying the Property TAx Here Property Tax Exemptions
PropertyTax.ie
The amount of Property Tax you pay will depend on the market value of your house.
Who decides what your house is worth ? You do !
 |
| Property Tax Valuation Map |
How will home owners work out how much their house is worth?
If you have recently bought your house - then I suppose the value will be pretty close to what you paid for it . But - for those hundreds of thousands who bought a house several years ago - or got one built it won't be easy to try and place a figure on the value. The recently launched Property Price Register is the only source of house sale prices available - but it doesn't contain any details of house type (detached/semi) , or numbers of bedrooms - nothing except the sale date and price. In rural areas it will be almost impossible to find house sales to use for comparison.
Owners don't have to be too exact with the valuation - there are ranges or band of values with €50k intervals that they have to decide in which band to place their house. It does mean that - for example an apartment valued at €45,000 will be charged the same property tax as a house valued at €99,000. ((€90)
It also means that if someone values a house at €199,000 they will pay €315 - but if they value their house at €201,000 - they will pay €90 more. The property tax will increase by €90 for each band under 1million
Find Out Here - Much More about Property Tax in Ireland
These are the Irish Property Tax Rates for 2013 calculated using a rate of 0.18% on the mid value of each band. (0.25% used on portion of value over 1 Million )
Property Tax Calculator How Much Property Tax Will You Have to Pay ?
| House Value : From | House Value: To | Property Tax € |
| €0 | €100,000 | €90 |
| 100,001 | 150,000 | €225 |
| 150,001 | 200,000 | 315 |
| 200,001 | 250,000 | 405 |
| 250,001 | 300,000 | 495 |
| 300,001 | 350,000 | 585 |
| 350,001 | 400,000 | 675 |
| 400,001 | 450,000 | 765 |
| 450,001 | 500,000 | 855 |
| 500,001 | 550,000 | 945 |
| 550,001 | 600,000 | 1035 |
| 600,001 | 650,000 | 1125 |
| 650,001 | 700,000 | 1215 |
| 700,001 | 750,000 | 1305 |
| 950,001 | 1,000,000 | 1755 |
The Property Tax is due to take effect from July 2013 - so only 6 months tax will be charged in 2013. The Household charge will be abolished from Jan 2013 and the NPPR is stopping in 2014.
Find out if you can avoid paying the Property TAx Here Property Tax Exemptions
PropertyTax.ie
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