Revenue will accept home valuations of "close to zero" for property tax

Revenue will accept home valuations of "close to zero" for property tax

Minister for Housing Jan O’Sullivan has said that the Revenue Commissioners will accept a homeowner’s valuation of ‘close to zero’ if it reflects the true value of a house.

Under the guidelines, houses that are worth less than €100,000 will only have to pay €90 of property tax.

It emerged earlier that the number of households exempt from the tax is dramatically lower than those exempt from the €100 household charge, and stands at 5,000 homes.

Housing Minister Jan O’Sullivan said that if a house is genuinely “worthless”, the owner will only have to pay €90 tax on it.

“If you’re close to zero, then you’re in the €90 a year bracket, which is the same as a Local Authority house,” she said.

“All the Local Authority houses are going to be in the lowest assessment category.

“If you believe your house is worth less than €100,000 well then you put yourself into the lowest category, and you do it legitimately.”

Leave a Reply