Site value taxes don’t suit property developers who sit and horde land banks and derelict properties which would be taxed (encouraging developers to use them or sell them) under a site valuation based property tax. That’s the whole idea of a site valuation tax- you end up penalising developers for hoarding land and effectively forcing young familes to live further and further away from where they work, which has knock-on consequences for commuting times, quality of life, distance from schools, hospitals etc. A site valuation tax fits in perfectly with best practice urban planning.

But this is Fine Gael and Phil Hogan we’re taking about here so it is highly unlikely they’ll introduce a site value tax, despite Ronan Lyons and others already clearly indicating that this is the best and most fairest way forward. Instead the FG modus operandi is to protect the interests of property developers and instead get smaller folks to pay a higher tax than what is necessary.

Its like Fianna Fail never went away.

Site value tax really the only way to go but it’s going to upset the FG urban vote who still like the notion that the land their house is built on has more value than it’s basic utility.

Oh and NAMA really won’t like a site value tax bringing down the LTEV of development land.

The very fact the content of this report haven,t yet being debated in the dail, or seen by the general public proves its contents are gonna be unpopular and not sit too well with ordinary people.

Taxing debt is a very stupid idea. Now we are going to pay interest to the banks and to the government. We are slaves being paid pretend money. All because we have a pretend government.

Oooh I can’t wait! More media speculation and ‘informed sources’ from the Indo

The thing is, one person will pay and then everyone will pay.
I worked for my money, I paid my taxes and because I built for myself a domicile instead
of drinking and snorting the money, I must now pay for the privilege of wiping my own arse
in the private of my own house.
It is time to stand up for yourselves and not pay house tax,rte tax and septic tank tax.
Simple mathematics, the government is spending 19 billion more than they in!!!!!!,
am I supposed to make up the shortfall?????
This debt will never be repaid, every person in this country needs to come up with 28000 euros to clear the debt.
An then what?, more taxes to pay for a country that can’t run itself?? up O’Reilly!!!
This is a fantastic country, we live in a society that takes money from the people that work
and give it to the people that don’t.

I started reading a great book on this yesterday
‘The Fair Tax’
edited by Emer O Siochru.

Very interesting on the SITE Value subject, and it was a theory supported by people like Michael Davitt.

Keep the faith Derek Larney.

Despite that eejit Phil Hogan, this may be chosen as the way to go !

Can’t make the debate tonight in Trinity.

WOW! AN INTERDEPARTMENTAL EXPERT GROUP! Brendan Howlin must missed the memo on that one! So we have loads of info and people to help impose a new property tax but no one to help poor Brendan.
SHAME ON THEM!

Not Paying A Tax on the family HOME .

I think that the property tax is unfair for everybody except those earning over 150,000 and they are the ones who should be paying it,, not the poor person.

Raise corporation tax by 2%

Neither of the proposed models are fair in calculating an appropriate level of tax on a home,unless income is taken into account.
Outside factors are what determine both the site value and the market value of a house.For example,if someone buys a house in a fairly poor area in a town or city and if that person does not progress in their career or pay scale,by the time they reach middle age there may have been natural gentrification occuring in the area thus driving up property prices and site values as the area becomes desirable to live in.This would mean that an ever increasing percentage of disposable income would be going towards servicing a property tax.
The same would happen if property speculators started buying land parcels or houses for redevelopment in your area,the tax on your home could simply make it financially unviable for lower waged workers to remain living in their own homes.
The only fair tax,if there is to be one at all,has to be linked to earnings,otherwise the “market” rules all and we can all see how well thats worked out for this country so far.

I don’t remember these principled objections being raised when stamp duty was pouring into government coffers…