Saturday 21 April 2018

Colum Kenny: The state must get its house in order for tax to work

The unpopular property levy needs to be fair but many possible exemptions will raise the hackles, writes Colum Kenny

Those who think that the new household charge of €100 is too much to pay are in for a shock. A report last week indicated that property tax may soon leap from €100 per year to more than €200 per year for every €100,000 that your property is worth.

This means that average homeowners could be paying at least five times what they are being asked to pay now, and in some cases far more. It is beginning to feel a lot like Irish homeowners will pay long and hard for the reckless lending of banks. And landlords will pass it on to tenants.

Although the new report was published by the independent semi-state Economic and Social Research Institute (ESRI), its thinking broadly reflects that of some civil servants and ministers who promised Ireland's international financial backers, that Ireland would introduce a property tax.

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