Thursday 19 April 2018

Lower rate for houses prone to flooding

Treacy Hogan

HOMEOWNERS with houses at risk of flooding will be able to secure a lower rate of property tax.

The Revenue Commissioners said properties vulnerable to flooding would have a lower market value due to the risk.

The Irish National Flood Forum welcomed the move and said some 50,000 homeowners nationally were unable to get cover that includes flood risk.

Forum director Enda O'Donovan told the Oireachtas Environment Committee they were encouraged that the Revenue Commissioners had acknowledged the size of the flooding issue. The forum is a voluntary lobby group, which represents some 400 flood-prone communities across the country.

Mr O'Donovan referred to a recent statement by Revenue Commissioner chairman Josephine Feehily that people whose properties were vulnerable to flooding would have had their market value impacted.

She said they would be entitled to assess their property themselves, based on their best judgment, at quite a low value.

Mr O'Donovan has also called for the establishment of a trust fund to help flood victims.

"People have nothing and they cannot afford another flood," he told the committee.

Irish Independent

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