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People who overpaid property tax to get details on how they can claim refunds

The Revenue Commissioners intends to release guidelines later this year for procedures homeowners can follow if they consider that they have over or under valued their home for the local property tax.

Image: House via Shutterstock

THE REVENUE COMMISSIONERS will issue detailed guidelines later this year for people who believe they may have overvalued their home for the local property tax which could allow some to claim refunds.

The Minister for Finance Michael Noonan has said that if a person has “genuinely overpaid” the local property tax either due to an error or their own mistake then section 26 of the Act provides that a refund can be claimed as long as certain conditions are satisfied.

The Revenue Commissioners is due to issue detailed guidelines later this year that will set out the procedures to be followed if a person has over or undervalued their property for the local property tax or inadvertently paid on foot of a Revenue estimate without making their own assessment.

Figures indicate that nine-out-10 people liable for the property tax have so far complied with it either filing their own valuation assessments or working off Revenue’s estimate but the tax is considered self-assessed.

Noonan said in a recent written answer that as people were not required to provide a precise value of their property – they had to place it into one of several valuation bands within a €50,000 range - Revenue does not anticipate “for the most part” that there have been or will be over payments.

“Revenue is most concerned that people meet their obligations voluntarily and pay the correct amount of tax,” Noonan also said.

Revenue said that for the time being a person who has concerns about having overpaid the tax should contact the LPT Branch in Ennis, Co Clare.

Anyone who wishes to make amendments to their valuation must provide appropriate evidence to explain or prove the need to decrease the value of their property and claim a refund.

Evidence could be in the form of recent sales or advertised house prices in the area, professional valuations or house price surveys for the area.

Revenue said it expects guidelines to be issued later this year.

Read: Property tax to be taken from salaries of 50,000 people who haven’t paid

More: Property tax will not be handed to the bondholders

Revenue: 9 out of 10 comply with property tax with €175m raised so far

About the author:

Hugh O'Connell

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