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Dublin: 9 °C Friday 24 May, 2013

Revenue to use mapping directory to value homes for property tax

Finance Minister Michael Noonan said he expected Revenue would only value homes for the tax “in the minority of cases”.

leinster house map

An aerial view of Leinster House and the surrounding buildings and amenities (Screenshot/GeoDirectory).

MINISTER FOR FINANCE Michael Noonan has said that Revenue will use the mapping database GeoDirectory to help calculate the value of homes for payment of the local property tax.

In response to a parliamentary question last week, Noonan said the Revenue Commissioners will only be valuing properties for the tax where there is a dispute about a valuation provided by a homeowner. Guidance on value assessment is being prepared and will be sent out “as soon as possible”.

He said a range of data sources is being analysed to assist in providing valuation guidance including stamp duty records and “other sources of recent property valuations data”.

The minister confirmed that the GeoDirectory, produced by Ordinance Survey Ireland and An Post, will also be used.

The database provides information on property location and type as well as distance from a series of key amenities and services, including transport, health, education, retail and emergency services.

However he said valuation by Revenue is expected to be “in a minority of cases”.

“If the property owner approaches the matter honestly, Revenue will accept self-assessed valuations in accordance with the customer service charter,” he said.

Related: This is what the new Local Property Tax form will look like>
Read: You asked, we answered: What you wanted to know about the property tax>
More: Property tax: Seller faces €500 fine if they under-declare value of home >

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Comments (31 Comments)

  • OU812 18/02/13 #

    Interestingly, their website lists my road by the old name which was changed about 20 years ago. Wonder how that’s going to work out.

    Reply
  • I can’t get flood insurance on the property I live at… Will I get a reduction in the property tax ??

    Reply
    • Property Tax abolished in the next election?

      Reply
    • Fianna Fáil are in favour of the property tax but they know supporting it now wouldn’t win them any votes. The road to the property tax all began when they were in government.

      Sinn Féin support the property tax in the North so their platform next election will probably be reform, not abolition of the tax.

      The ULA would abolish it but the last poll showed them at 1% support nationally.

      Reply
  • Just checked my address with geodirectory, guess what it’s wrong.

    Reply
    • Property tax should be abolished. We should be cutting our spending instead of new taxes. Spending on wages, entitlements, grants, subsidies, tax breaks, etc.

      Property tax hits people who spend into our economy.

      Reply
    • that’s the point Reg, everyone else has alteady been bleed dry and the main concern of the Government is to balance the books and show the world that we are good little neo capitalist once again, so they are going after the money…..the internal economy is of very little real concern to them at the moment, maybe coming up to a general election they might try and bribe us off with a few crumbs and a good dose of lies and promises ….sure it works every time, the wee people don’t know any better, they think that we didn’t know what is good for us and that we have to be lead along the RIGHT path like little children

      Reply
    • So does reducing wages.

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    • Reg, as the self appointed spokesperson for the right wing on the journal, I can only agree with your sentiments. I think either everybody contributes or nobody does. What do our illustrious leaders do, squeeze the middle. There seems to be little point in trying to get best things you can afford for your family. Get a new car, get f’d with taxes. save up and by a new house go get f’d as well.

      Reply
    • Jimmy 18/02/13 #

      Therein lies the problem Pierce. It’s the same people paying, all of the time. The shrinking PAYE worker nunbers are subsidising a growing number of people all if the time. I completely agree. Everyone should be liable or nobody at all. That way its equally fair or unfair depending on your viewpoint.

      Reply
  • bigmac 18/02/13 #

    Here where i live in valencia the property tax is based on the ground value of the property which is basically the cost price and not the retail value, first time i got the letter to pay and seen the value of my place i nearly choked, the value was less than half of what we paid, but it pays the rubbish collection, streetlights, street cleaning, the local pool, parks and childrens playgrounds and schools so i cant complain that much, it should be based on the cost price of the house and the local council should collect it and be less dependant on the local td to pitch the area to the funding commites

    Reply
  • Well noonan,hope you feel proud of yourself . I hope when your in the dail bar supping on subsidised beer and slapping each others backs that you feel proud.
    I hope that every time you look in the mirror you feel proud of the way you and your dirty rotten to the core ilk have betrayed the people that put you where you are.
    Just remember that every hour that passes is one closer to giving you and your sleeveen liar ilk the kicking you will get and deserve.

    Reply
  • Desperate measures by a very desperate government.

    Reply
  • Honestly says Noonan. All the experts helping the Government down the years didn’t see how far property value would drop but yet little old Mr Blog’s now has to value his own property. Remember the days “Ya ya my house is worth over the mill oh ya” Now its “ah Jesus no my house is only worth 90k”. Sure we can only laugh and laugh. ;-))

    Reply
  • Definitely a slow news day if one if the “old reliables” is wheeled out to get comment going. I do think that the naysayers are in for some land though. Your not dealing with some makey up up agency now but the Revenue Commissioners. In the words of the late Seamus Brennan to John Gormley. ” Your playing senior hurling now boys”

    Reply
  • Sinn Fein are no different to the existing bunch of Dinosaurs, They’d promise anything for power!

    Reply

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