The Government is masterminding another shambles: as Revenue Commissioners say they will issue “indicative value” and home owners will also be able to self assess says Senator Mark Daly

The Government is masterminding another shambles: as Revenue Commissioners says they will issue “indicative value”  and also says home owners will be able to self assess according to Fianna Fail Senator and former auctioneer Mark Daly

It is not credible or feasible that the Revenue Commissioners can accurately give an ‘indicative value’ of every house in the country within a matter of weeks. This will lead to wide spread variations of values especially in rural areas.

“There will be houses which will be valued too low and too high by the Revenue” said the Kerry Senator.

The owners who feel the “indicative value” issued to them by Revenue is too high will still be able to self assess, and put in an alternative value. However those who deviate from the provided estimates face the prospect of checks, inspections and challenges from the Revenue.

“The Government is presiding over another shambles, what they are doing is putting an indicative value on homes without any professional valuation being done. There is no way this property tax will be accurate or credible. The indicative value issued by Revenue will not be able to accurately take into account the condition of the house and the advantages or disadvantages of particular locations”.

A homeowner whose house should be in the lowest valuation band (under €100,000 ) but is placed by Revenue in the €100,000 to €150,000 will be paying nearly €500 too much in property tax for the first few years of the new tax’.

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