It just seems lazy to me.
At the end of the day, we are running a deficit of €10bn p.a.
€1k a household for the various property levies, water charges, etc would close this gap by about €1.5bn. So it isn't off the wall in terms of what needs to be done
Much more interesting is how the valuation will be done
Will the valution not be based on current selling prices?
For example:
I paid €290,000 for 5 bed house in 2006.
Vacant house next door is selling for €140,000
140,000 divided by 1000 multiplied by 2.5 is 350.
Therefore my yearly property tax is €350.
Is it not as simple as that?
If my local council provide the bare minimum of service will I be expected to pay the same amount as someone where the council provide excellent facilities?
You can bet the government will want to avoid hitting pensioners too hard with a property tax so I assume income will be taken into account.
I'm sure there are a lot of retired people that on paper are living in a reletively valuable house but may have a modest pension.