Farmhouse values sparks war of words
Urban and rural TDs in angry exchanges over property tax
The debate over what farmers should pay in property taxes heated up this week as TDs clashed over the best approach to valuing farmhouses.
It comes after the former president of the Institute of Professional Auctioneers and Valuers (IPAV) said auctioneers would be discounting farmhouses adjacent to farmyards by at least 50pc.
The IPAV's Tom Crosse said that farm residences that are part of farmyards would be "seriously discounted in their market value".
"If a stand-alone house was worth €200,000 our members would be putting a valuation of €100,000 on the equivalent farmhouse and maybe less in some cases," he said.
"We won't be allocating a high value to a residence attached to a farm, because they would be very hard to sell on their own. Many are adjacent to milking parlours, silage and slurry pits and there is also the issue of the right-of-way for access," he added.
If houses are valued at less than €100,000, they qualify for the lowest rate of property tax at just €45 for 2013.
However, the Society of Chartered Surveyors of Ireland (SCSI) said that farm houses situated away from the farmyard could be treated differently.