The property tax poison pill
Many will be rejoicing at the rise in property prices, but there is a catch – higher home values mean bigger property tax bills, writes Eamon Quinn
Compared with the tumult the coalition faces with the water charge, the local property tax was introduced with surprisingly little fuss. In its first full year, the tax will yield a lot more than the government can ever expect to tap from its diminished water levy. And with the exchequer projecting the property tax will take in gross revenues of €500 million next year, this is one measure that appears to provide fiscal bliss for...
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