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THE REVENUE COMMISSIONERS will issue detailed guidelines later this year for people who believe they may have overvalued their home for the local property tax which could allow some to claim refunds.
The Minister for Finance Michael Noonan has said that if a person has “genuinely overpaid” the local property tax either due to an error or their own mistake then section 26 of the Act provides that a refund can be claimed as long as certain conditions are satisfied.
The Revenue Commissioners is due to issue detailed guidelines later this year that will set out the procedures to be followed if a person has over or undervalued their property for the local property tax or inadvertently paid on foot of a Revenue estimate without making their own assessment.
Figures indicate that nine-out-10 people liable for the property tax have so far complied with it either filing their own valuation assessments or working off Revenue’s estimate but the tax is considered self-assessed.
Noonan said in a recent written answer that as people were not required to provide a precise value of their property – they had to place it into one of several valuation bands within a €50,000 range - Revenue does not anticipate “for the most part” that there have been or will be over payments.
“Revenue is most concerned that people meet their obligations voluntarily and pay the correct amount of tax,” Noonan also said.
Revenue said that for the time being a person who has concerns about having overpaid the tax should contact the LPT Branch in Ennis, Co Clare.
Anyone who wishes to make amendments to their valuation must provide appropriate evidence to explain or prove the need to decrease the value of their property and claim a refund.
Evidence could be in the form of recent sales or advertised house prices in the area, professional valuations or house price surveys for the area.
Revenue said it expects guidelines to be issued later this year.
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Everyone that paid it Overpaid it. Nobody should have had to pay it.
Of course, nobody should have to pay any taxes.
That’s correct Buckwheat. Taxes are collected from the people on the understanding that they will be used to fund the functions of our society. When our taxes including this Home tax are instead being used to bail out the failure of speculative financial capitalism, then people should not have to pay a cent.
Checked the national property price register (official government figures) first. Two sold within the year so valued it based on an a stage of these.
It’s not my fault that was three bands down from the revenue valuation.
A number of experts have expressed doubt about the accuracy of the Property Price Register.
AFAIK, figures in the PPR for residential property sales are supplied by solicitors, many of whom are notoriously dim and unreliable when it comes to numbers.
That’s not my problem. It’s the official government provided information channel.
I’m obliged to take it at face value, because my government wouldn’t lie to me, right?
Grow up.
Why no comments on Michael Noonan story about taxing the wealthy??? Censorship????
I got deducted lpt tax this month from my wages for a property I rented over four years ago!! I was never so mad in all my life. I have never owned a property. I phoned the lpt helpline and was advised that two letters were sent out obviously I didn’t get them and that payments were going to be deducted for five months. They have now been stopped as I have advised and given relevant information that I do not own the property and I’m to be refunded for the amount deducted and if I don’t get this I will be taken it further as I think its a disgrace.
Children and deceased people were also sent letters re property tax. Displaying yet again the amazing governing skills we have to contend with.
Well, if people actually registered properly, then there would be no mistakes.
Colin,
Did you actually register a property? I had 2 to register – the website was awful. It was cobbled together and the helpline well I laughed when they said that I could not register as I did not have a property number etc. Managed but no confirmation on one of the properties. Reminds me must chase it up.
I believe the form is called ‘Standard Home Electronic Evaluation Procedure’
SHEEP for short
.
Well the ERSI, the IBF, the CBI and the Property Professions have all got together. Apparently, the property market has not just stablised but is booming and in Dublin 8 to 10 % annual growth is predicted.
So, the various interests groups are back hyping the market and guess what, property taxes are on the up. Forget about mortgage arrears, forget about future interest rate increases, forget about reality. We can all pay lots of property tax on over priced and over borrowed homes.
Property tax will become a great financial crippled for home owning classes. There has to be a source of money to subsidise the banks, to support the big Ministerial pensions and salaries and to feed the Central Bank of Ireland.
Paddy does not like to learn from his mistakes.
Always a sly dig for the Irish eh Peter.
Just to to make extortion look official
I for one wasn’t over charged…… I just didn’t pay this illegal double tax!
2 fools and counting.
Local Property Tax (Family Home Tax) was suspended in Italy.
June 2013 payment suspended for everybody in the audience!
It will be scrapped permanently in Sept 2013.
What the hell are the Irish Gov. up to taxing “Family Homes”.
No EU Government has a mandate to tax Family Homes.
Democracy restored to Italy : Taxocracy abolished.
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FB/LocalPropertyTax
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