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  • Home
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  • Revenue will accept home valuations of "close to zero" for property tax
Uncategorized
Mar 22, 2013 - 16:41

Revenue will accept home valuations of "close to zero" for property tax

The MyHome Newsdesk
By The MyHome Newsdesk
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Revenue will accept home valuations of "close to zero" for property tax

Minister for Housing Jan O'Sullivan has said that the Revenue Commissioners will accept a homeowner's valuation of 'close to zero' if it reflects the true value of a house.

Under the guidelines, houses that are worth less than €100,000 will only have to pay €90 of property tax.

It emerged earlier that the number of households exempt from the tax is dramatically lower than those exempt from the €100 household charge, and stands at 5,000 homes.

Housing Minister Jan O'Sullivan said that if a house is genuinely "worthless", the owner will only have to pay €90 tax on it.

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"If you're close to zero, then you're in the €90 a year bracket, which is the same as a Local Authority house," she said.

"All the Local Authority houses are going to be in the lowest assessment category.

"If you believe your house is worth less than €100,000 well then you put yourself into the lowest category, and you do it legitimately."

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  • Tags
  • homeowner
  • house
  • Jan O'Sullivan
  • Minister for Housing
  • property tax
  • Revenue Commissioners
  • Valuation
The MyHome Newsdesk
By The MyHome Newsdesk
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