Sunday July 5, 2020

Humphreys: IMF doesn’t understand Irish housing market

Minister of state Kevin Humphreys has accused the IMF of being out of touch after it backed higher property tax bills for householders.

Michael Brennan

Political Editor

1st February, 2015

There has been an explosive rise in property prices since homes were valued for the property tax two years ago.

This means homeowners will face a huge rise in their bills when they have to revalue their homes in November 2016 for the property tax. Each increase in the house valuation band will cost householders an extra €90 per year.

The IMF believes this will bring in a healthy stream of tax revenue and has warned...

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