By now most people will have received letters from the Revenue Commissioners detailing what they are expected to pay towards the new property tax.
Of course, these letters are just estimates and people have the right to lower or higher the valuation of their home to meet its current market value.
This has caused a great stress for many homeowners though, with estate agents around the country reporting that they have been inundated with calls from people looking for valuations.
Some have even come up with special rates to call out to your home and give you a valuation.
If you’d like to get an idea of what your home is worth then why not check out our Property Tax Calculator, which takes into account average asking prices and sold prices from the last few years to give you a more accurate indication of your home’s value than what the Revenue might have provided you with.
Of course, no matter what your home is valued at, there will be those who feel this is an unjust and unfair tax.
Since the letters first started to be sent out last month, opposition to the new property tax has grown with a series of protests around the country. Indeed, as recently as yesterday the Teachers’ Union of Ireland (TUI) voted overwhelmingly to oppose and campaign against the tax.
Those taking that stance should be warned, however, that if they fail to reply to the Revenue by the May deadline then they will be left with the valuation that has been provided to them for the next three years.
This means that if the Revenue then take the tax from peoples’ wages then they may end up paying above what their house is actually worth.
Of course, this whole process has not been without its problems with young children receiving letters in error, tenants receiving letters in error and even homeowners receiving multiple properties for the one property.
The fact remains though that the tax is nearly here and no matter what your thoughts are on it, you’ll have to decide what to do pretty soon.
With that in mind we’d like to know your opinion on the new tax.
- Was the estimate you received higher or lower than you expected?
- Will you be paying the property tax?
- Has the whole process confused you or your friends?
- Will the full tax next year, along with the reported introduction of water charges, push you over the edge?
Have your say in the comments section below.