Next year who's to say that the rate won't change to 0.20%.
So it's not a question of how much a home is worth but rather what its costing you now in tax and whether or not that tax will change and by how much.
That is interesting, do you have a link? Im not doubting you, I know we have a disproportionate amount outside the tax net, but I didn't know about the 5%.A recent study/article contended that 5% in Ireland pay 45% of all income tax, and that a further 20% pay no income tax whatsoever. A little more regressive taxation is called for, methinks.
Home owners can easily become sidetracked on revenues valuation of their property and overlook the rate being applied and what might happen in the future.
.. any suggestion that revenue are using the online guide in some sort of disingenuous tool to trick us really makes no sense.
Revenue have not got more specific information on each house. The "estimate" on the forms will be even more generic for an area . They don't know exactly what type of house you live in or how many rooms it has .
The online guide is just using the same info as the property price register and averaging out sale prices for different property types in specific areas.
If a majority of people use revenues map and letter with indicative valuation as a method of setting their reasonable expectations for self assessment then yes I can see revenue realising they got it wrong and having to do something about it at the next review date.
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