Property tax guide goes live

A new website indicating property values on which the new property tax will based went live on Sunday, March 10.

A new website indicating property values on which the new property tax will based went live on Sunday, March 10.

Property owners can check what property values are in their area on www.revenue.ie.

The valuations will be based on a variety of sources including the recently established property price register, the An Post geodirectory and stamp duty data.

The Revenue insists figures supplied on the website are only estimates but there is concern about the accuracy of guide.

Some examples of the web sites estimates are as follows:

A semi detached house and a bungalow in one of the three urban areas of Dundalk is valued between 100,000-150,000 euros while a semi detached house in rural Dundalk is valued at the same amount, however, a bungalow in rural Dundalk is valued at 150,000-200,000 euros.

People will begin to receive letters detailing the amount of property tax owed this week.

Property economist with Daft.ie Ronan Lyons says the value is only based on property type which presents a number of problems.

“They don’t have key information for example the number of bedrooms for every property in the country or square meterage.

“That presents a number of issues not just in Dublin but also in other parts of the country,” he said.

It is estimated it could take up to four weeks for all home owners to receive the details of the amount of tax owed