Saturday 21 April 2018

Homeowners warned they have just days left to pay property tax bills

Collector Michael Gladney
Collector Michael Gladney
Charlie Weston

Charlie Weston

Homeowners have until Wednesday to pay their property tax. People who opt to pay by debit card, cheque or credit card need to have made the payment by January 11, Revenue warned.

Those who want to pay the tax by electronic cheque - what Revenue calls an annual debit authority - must inform tax officials by Wednesday, and the funds will be taken out of their bank account in March.

Property tax bills fall due at a time when many homeowners are being hit with credit card bills, due to the Christmas spending splurge, and many face the cost of renewing health insurance.

A spokeswoman for the tax authority said people can have the tax withdrawn incrementally by opting to have it taken out of their wages or pension. Alternatively, they could pay monthly through a direct debit, rather than paying a lump sum.

The tax authority said it collected €463m from the tax last year, with a large number of property owners having already paid for 2017. Some 97pc of owners paid the tax last year.

This was after 300,000 warning letters were issued, prompting most to pay up.

Revenue said the overall figures represented a "continuing high compliance rate".

Collector-general Michael Gladney said that since Revenue assumed responsibility for collection of arrears of household charges in July 2013, more than €64m has been collected, bringing 360,000 additional properties into compliance.

"The vast majority of property owners fully comply with their local property tax payment obligations, either in a single payment or with phased payments," he said.

"As long as payment obligations are being met, Revenue will automatically roll over existing payment methods for property owners who pay by direct debit or by deduction at source from pay/pension."

Close to six-out-of-10 people in the Dún Laoghaire- Rathdown local authority area live in a home worth over €300,000. Fewer than 10pc of homeowners nationally live in a house worth more than that.

Property tax has been dogged in the past by the argument it is generated mainly from the capital. Laois and south Dublin were the regions with the highest compliance rate, while Donegal is the county with the lowest level of payment.

Revenue said it had applied a mandatory deduction at source for 80,000 properties, with Dublin city having the highest percentage where this applies.

The number of mandatory deductions has jumped by close to 24,000 in the last year.

Irish Independent

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