Owners of lower value homes could face some of the largest increases in property tax under a method emerging as the likeliest way of reforming the levy.
Property values are sorted into bands, with each band rising by €50,000 from €100,000 to €1 million. The valuation rates have remained the same since the tax was introduced during the crisis in 2013, with a change expected in 2016 postponed until this year. The Government has now deferred any changes for another 12 months.report has outlined a number of options to reform the tax to deal with the subsequent rise in property prices.
The initial band – up to €100,000 – attracts a €90 annual property tax, but the next band up comes with a €225 levy, an increase of €135, which the department says is “regressive”. Of those who would be hit with a €135 rise, 60 per cent are outside Dublin.
Ahh yes another great idea hit the right people there. This is pathetic and this lad is a clown I’d love to know if this is a Brussels dictate I don’t believe these guys can look sideways without getting the OK from the EU!
......TORY........TORY.......TORY.....
That's like the opposite of progressive taxation 😐