KAREN Mulvaney and her husband Paul live in a four-bedroom, post-war semi at Vernon Avenue in Clontarf, Dublin 3, in a cluster of similar homes.
As the owner of The Buyer's Agent – a business that buys homes on behalf of clients – she takes more than a passing interest in the property tax and how it is calculated.
"No houses have sold on our road since the register prices started being recorded, so there wasn't an obvious value estimate in place to work from.
"Because I'm in the property business, the neighbours came around to ask what I thought we should do. I suggested waiting for the estimates from the Revenue and then challenging them if we felt they were inaccurate.
"As it happened, the estimates they sent seemed quite fair and we accepted them. Our house was valued in the end at between €501,000 and €550,000, which resulted in a half-year bill of €472. While it wasn't too bad, next year's full bill of €925 will certainly hurt lots. I also know people who are less fortunate who have struggled to find the tax this year.
"As a buyer's agent who bids on houses for clients, I have recently watched one house after another being bid up to ridiculous levels by cash-rich parties.
"Recently, a house that a vendor was prepared to sell at €900,000 sold at more than €1.5m thanks to one unrealistic bidder. The house was simply not worth the money paid.
"So now I wonder if everyone on the road will have to value their house accordingly when this sale price goes on to the register. Does it mean the one crazy buyer raises the bar for everyone else?
"I see property tax as a necessary evil. I think they're making us pay up for the years of mismanagement of the country. In my view, the country is still being mismanaged. I don't mind paying tax if we see something for it, but nothing has changed.
"What really sticks in my craw is that next year they're coming back to ask us to pay water charges – for a broken-down water system. I won't let my kids drink it.
"I believe in paying taxes for services but I don't believe we're ever going to get those services."