Property tax ‘timebomb’
Noonan promises to review tax ahead of next general election
Finance Mi nister Michael Noonan is set to review a property tax “timebomb” in an effort to ensure that homeowners are not hit with massive bills just after the next general election.
There has been an explosive rise in property prices since homes were valued for the property tax last year, with homeowners facing a huge rise in their bills when they have to revalue their homes in November 2016 for the property tax.
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