The government has not made a decision on the type of property tax to be introduced next year, according to Transport Minister Leo Varadkar.
Reports emerged at the weekend that the tax would be based on house valuation rather than square footage but the Minister described those reports as “premature”.
“No decision has yet been made on whether it will be valuation based or floor based or site valuation based. All those decisions have yet to be made by the Government,” he said.
“I think some of the commentary of the property tax is probably a little bit premature. All that has been agreed is that a property tax will be introduced next year and that the Revenue Commissioners will be responsible for collecting it.”
A senior Government source said this week that the “value-based” property tax to replace the household charge mentioned in the documents would be calculated on the basis of current market value instead of property size.
The Cabinet is expected to consider a detailed memo on the tax on September 4th. The Department of Finance also said no decision has yet been made on how to impose the payment.
Read more in today’s Irish Times.