Six key takeaways from the property tax overhaul

Homeowners will have to assess how much the value of their property has risen since 2013, the last time this controversial tax was overhauled

Paschal Donohoe, the Minister for Finance, said the majority of existing homeowners will not face an increase under the new property tax system. Picture: Rollingnews.ie

Minister for Finance Paschal Donohoe has announced the first overhaul of the property tax system since it was introduced in 2013.

The reason for the long delay is that property tax is such a controversial issue. There have been repeated deferrals of bringing in new property tax valuations due to fears of a backlash from homeowners.

Donohoe said today that the “majority” of existing homeowners will not face an increase under the new local property ...