Friday 2 December 2016

Unfair to punish public for property tax fiasco

Published 19/10/2015 | 02:30

Given our dysfunctional property market, the current application of the tax seems anything but equitable
Given our dysfunctional property market, the current application of the tax seems anything but equitable

Like picadors in the bull-ring, sometimes it appears as if the role of the Government is to tantalise and torment the public. The full cost of the freeze on a revaluation of homes for the purposes of applying the Local Property Tax, is becoming frustratingly apparent.

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From the point of view of politicians pinning their hopes on a return to power driven by a giveaway Budget, the revisiting of a tax that would negate its benefits, would never have been expedient.

As things stood, owners faced enormous hikes in their bills when they were due to be assessed in 2016. The tax was first assessed in May 2013, but since then prices have soared, especially in cities.

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