Quarter of homes valued at less than €100,000

A quarter of homes have been valued for tax by their owners at less than €100,000, official figures have revealed.

Quarter of homes valued at less than €100,000

A quarter of homes have been valued for tax by their owners at less than €100,000, official figures have revealed.

The Revenue Commissioners said the self-assessment valuations for the property tax showed that 86% of the country’s homes are worth less than €250,000.

The figures also showed that the most compliant region for paying the levy is Dun Laoghaire/Rathdown, where 92% of households have paid up.

The least compliant regions were Donegal and Louth, where the payment rate was as low as 84%.

Other figures from the updated local property tax database showed that only 0.2% of the country’s 1.95 million homes are worth more than €1m.

Elsewhere, 28.6% of homes are valued at between €100,001-150,000; 21.9% between €150,001-200,000; and 10.4% between €200,001-250,000.

Some €200m has been collected by the Revenue by the end of September.

In a further breakdown of the property tax regime, the Revenue also gave details on exemptions.

Some 4.7% of homes have been classed as pyrite damaged; 4.3% are owned by a person who is severely incapacitated; 16.1% are classed as being in ghost estates; and another 17.1% are lying empty after a developer failed to get a buyer.

Another 15% are classed as long-term illness and 0.1% are diplomatic buildings.

Most people who have paid the tax have used a credit or debit card while almost one third paid by cheque, or an equivalent.

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

Irish homelessness Government criticised for missing social and affordable housing targets
National Risk Assessment for Ireland Tánaiste urges Israel ‘to show humanity’ and allow more aid into Gaza
Lego set based on RNLI lifeboat could soon become a reality Lego set based on RNLI lifeboat could soon become a reality
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited