MINISTER FOR FINANCE Michael Noonan has said that Revenue will use the mapping database GeoDirectory to help calculate the value of homes for payment of the local property tax.
In response to a parliamentary question last week, Noonan said the Revenue Commissioners will only be valuing properties for the tax where there is a dispute about a valuation provided by a homeowner. Guidance on value assessment is being prepared and will be sent out “as soon as possible”.
He said a range of data sources is being analysed to assist in providing valuation guidance including stamp duty records and “other sources of recent property valuations data”.
The minister confirmed that the GeoDirectory, produced by Ordinance Survey Ireland and An Post, will also be used.
The database provides information on property location and type as well as distance from a series of key amenities and services, including transport, health, education, retail and emergency services.
However he said valuation by Revenue is expected to be “in a minority of cases”.
“If the property owner approaches the matter honestly, Revenue will accept self-assessed valuations in accordance with the customer service charter,” he said.
To embed this post, copy the code below on your site
have your say