HOMEOWNERS can assess what their likely property tax will be using an online guide which went live this afternoon.
The guide, from the Revenue Commissioners, allows people to identify the area in which their home is located and find out what their annual tax is likely to be.
But they have warned that it only provides a guide to “average market values” in a given locality, based on the type of property, age and location.
This means that people with, for example, large gardens, a house extension or other features which add value to the property must make sure they are not under-paying the tax.
This is because does not provide a guide for individual properties – meaning that homeowners may be forced to seek an independent valuation to ensure they are paying the correct tax.
“The guidance is primarily based on the market value of properties sold since the year 2010 in the area, adjusted for average price movements in the interim,” the Revenue said.
“This guidance will be helpful in the majority of cases but there are always properties in an area that differ from the average.
“Self assessment requires property owners to honestly assess the market value of their own property. If a property is smaller or larger than the average for the area, is in a significantly poor state of repair or has exceptional or unique features, these will have to be factored into the assessment.”
The guide is available at: https://lpt.revenue.ie/lpt-web/valuation-guide/index.htm.