Showing posts with label Budget 2013. Show all posts
Showing posts with label Budget 2013. Show all posts

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

Wednesday, 27 July 2011

'No guarantee' charge to stay at €100

Minister for the Environment Phil Hogan today admitted that the household charge (announced only 24 hours ago) could not be guaranteed to remain at €100 for the next two years. He said that it was up to the minister for finance to review the charge in the run up to budget 2013. The idea is that the flat rate charge will be replaced by metered water charges and a valuation based property tax in 2014.

€160m will be collected by this charge next year to help pay for local authority services. There will be exemptions but they are few, they include:
-People in receipt of mortgage interest supplement
-People living in local authority housing
-People living in 'Ghost Estates'

Pensioners and people on social welfare will be liable to pay it, as will people who already pay a second home tax. The government has tried to sweeten the bitter pill by saying that it equates to 'only' €2 per week. That's all very well to say, its a drop in the ocean for the wealthy but makes up a massive 1% of your income should you be a single person reliant on social welfare.

Joe Higgins and the other members of the United left Alliance have announced that they will organise a civil disobedience campaign against the tax, encouraging non payment.

Roll on a 'Autumn' of discontent.

FS