Daft Property - Irish Property News

Property tax: how will it work... Homeowners will have to fork out hundreds every year if the Government presses ahead with plans to introduce a new property tax... THE prospect of a property tax is looming large as the Government attempts to plug holes in the Exchequer finances. An annual tax based on the value and size of the property is what is being considered, it is understood. Taoiseach Brian Cowen said in the Dail last week that no decision had been made on the tax measure, but he did not rule out introducing the new tax either. The tax would be self-assessed. This would likely mean homeowners having to get their home professionally valued so they could make an accurate assessment of its worth. For a lower-valued house, homeowners would pay around €250 a year, while those with a pricier house in a sought-after area would pay more than €3,000 a year. However, any move to introduce a property tax is set to be hugely unpopular and may even be resisted, if calls and texts from homeo...