BUDGET 2013 PROPERTY TAX

Date Published: 05-Dec-2012

In effect from July 1 2013

– collected by revenue

– owners of residential properties, including rental properties will be responsible for payment

– payable on basisis of market value as assessed by owners with guidance from revenue or owners can use a competent valuer

– rate of 0.18% up to market value of 1 million euro and 0.25% on values above that and will be done AT THE MID POINT on bands of 50,000

– example a property between 150,001 and 200,000 will be valued at 0.18% of 175,000

– exemptions largely the same as those for household charge

VRT AND MOTOR TAX

Increases across all catergories