Speaking in the Dáil this morning, Mr Noonan said the implementation of the tax was always going to be difficult.
However, he said that Revenue has done "a very good job".
He said "it looks like it will work reasonably well from a point of compliance in 2014".
The minister said the cost of issuing the property tax was €694,136, which includes postage, advertising, paper, envelopes and printing.
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