Subscriber Only: How do you know if your property tax bill is going to go up?

After months of study and yet another report on the local property tax, the Government decided this week to kick a decision on the future of the tax forward another year. This means property owners will pay the same in 2020 as they did in 2013, the year the tax was introduced, despite soaring house prices in the meantime.

So will we ever see our bills rising? And if so, who is likely to be hit? There are some clear pointers in the latest review from theIt is clear from the review group report looking at reform options that it is impossible to both protect existing revenue and ensure there are no losers from a reform of the tax – particularly in Dublin, where house prices are generally higher.

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Plans to defer changes to Local Property Tax for a yearA deferral of any changes to the Local Property Tax for another year is among the recommendations of the long awaited review of the levy, RTÉ News understands. FYI wexfordcoco Of course they are deferred till after the local elections. Jesus wept. We really must be the stupidest electorate in Europe or at least second only to Britian.
Source: rtenews - 🏆 1. / 99 Read more »

A fifth of homes could face higher property tax - new reportChanges to Local Property Tax have been deferred for one year not being smug here, I genuinly would like to understand, to try to boost housing, why it would not be possible to: Increase tax on unoccupied houses in residential area Relief taxation on renovation and/or building projects Increase tax on what ever you define Air BnB and co.
Source: IrishTimes - 🏆 3. / 98 Read more »