Wednesday, 21 December 2011

Government to Introduce the graduated property tax early


Following hot on the heals of the December 7th budget, the government (small g) has decided to bring forward plans for a graduated property tax to be introduced in 2013, a year earlier then the EU/IMF bailout decreed.
Its likely to be based upon your house value, and it could mean that the €100 property tax in 2012 could grow by 30 times that amount for certain householders:

According to the Irish Times:

Under the commission’s proposed scheme a charge of €188 would be paid on houses valued at up to €150,000; €563 on houses between €150,000 and €300,000; €938 on houses up to €450,000; €1,313 on houses valued at up to €600,000; €1,699 on houses up to €750,000; €2,188 on houses valued at up to €1 million; €3,125 on houses up to €1.5 million and 0.25 per cent of the valuation on houses over that.

FS

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