Over 75% of homes valued at under €200,000 for property tax

October 7, 2013 The MyHome Newsdesk by The MyHome Newsdesk
Over 75% of homes valued at under €200,000 for property tax

Over three quarters of homeowners valued their properties at less than €200,000 when filing their Local Property Tax Returns.

Figures released by the Revenue Commissioners today show that 1.59 million properties have been registered for the tax so far, with a national compliance rate of 90%.

More than €200 million has been brought in from the property tax since its introduction with the Revenue revealing today that 75.4% or 1.2 million properties were valued at under €200,000.

Of this, almost 25% were in the lowest price band of under €100,000.

Advertisement

Most valuations, however, were in the €100,000 to €150,000 category, with just 3,180 people valuing their house or apartment at over €1 million.

The lowest compliance rates have been in Donegal and Louth at 84% with Dun Laoghaire-Rathdown the highest at 92%.

Most payments were made by credit or debit card, with just half a percent having their payments deducted from wages or pensions.

Tags:
Uncategorized Donegal Dun Laoghaire Local Property Tax Louth property tax

Related articles

Woman using mortgage calculator

Mortgage calculator

Ready to start house hunting but need to know how much you'll be paying on your mortgage? Our Irish mortgage repayments calculator will get you the answers you're looking for.

Start now →

Powered by doddl logo