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17/02/2015
Govt Urged To Reassure Homeowners Over Property Tax Changes
Fianna Fáil has called on the government to provide reassurance to homeowners facing "major increases" in property tax.
Under the Local Property Tax Act homeowners are required to revalue their properties in 2016 but house prices in Dublin alone have increased by up to 50% since the initial valuation in 2013.
Dublin spokesperson Darragh O’Brien, said: "The rising property market is storing up a timebomb for homeowners based on the current property tax law unless the Government takes action.
"Fianna Fáil is presenting legislation today that would remove the strict valuation date for 2016 from law and give the Oireachtas the discretion on revaluation. We said at the time the government introduced the legislation that it was extremely unfair and an anti-urban tax."
(MH/IT)
Under the Local Property Tax Act homeowners are required to revalue their properties in 2016 but house prices in Dublin alone have increased by up to 50% since the initial valuation in 2013.
Dublin spokesperson Darragh O’Brien, said: "The rising property market is storing up a timebomb for homeowners based on the current property tax law unless the Government takes action.
"Fianna Fáil is presenting legislation today that would remove the strict valuation date for 2016 from law and give the Oireachtas the discretion on revaluation. We said at the time the government introduced the legislation that it was extremely unfair and an anti-urban tax."
(MH/IT)
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