The amount of Property Tax you pay will depend on the market value of your house.
Who decides what your house is worth ? You do !
|Property Tax Valuation Map|
How will home owners work out how much their house is worth?
If you have recently bought your house - then I suppose the value will be pretty close to what you paid for it . But - for those hundreds of thousands who bought a house several years ago - or got one built it won't be easy to try and place a figure on the value. The recently launched Property Price Register is the only source of house sale prices available - but it doesn't contain any details of house type (detached/semi) , or numbers of bedrooms - nothing except the sale date and price. In rural areas it will be almost impossible to find house sales to use for comparison.
Owners don't have to be too exact with the valuation - there are ranges or band of values with €50k intervals that they have to decide in which band to place their house. It does mean that - for example an apartment valued at €45,000 will be charged the same property tax as a house valued at €99,000. ((€90)
It also means that if someone values a house at €199,000 they will pay €315 - but if they value their house at €201,000 - they will pay €90 more. The property tax will increase by €90 for each band under 1million
Find Out Here - Much More about Property Tax in Ireland
These are the Irish Property Tax Rates for 2013 calculated using a rate of 0.18% on the mid value of each band. (0.25% used on portion of value over 1 Million )
Property Tax Calculator How Much Property Tax Will You Have to Pay ?
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The Property Tax is due to take effect from July 2013 - so only 6 months tax will be charged in 2013. The Household charge will be abolished from Jan 2013 and the NPPR is stopping in 2014.
Find out if you can avoid paying the Property TAx Here Property Tax Exemptions