Income will not dispute lower self-assessed values ​​for property tax

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The Revenue Commissioners have said they will not challenge people appraising properties below its own guidelines in an online appraisal tool to be used to calculate local property tax.

Homeowners are due to resubmit their property appraisals by early next month as part of the first review of the local tax system since it was introduced eight years ago.

There is an online tool on the Revenue website showing suggested tips for the different valuation bands in which the houses are located. However, it has a number of variances, including valuation differences of up to € 87,000 applying to similar houses in certain areas of Dublin, in some cases on the same street.

A Revenue official said it was only intended to be used by homeowners as a “guideline” for the self-assessment tax and that Revenue would not challenge an assessment if they chose a lower assessment range than that. attributed to their region.

Keith Walsh, senior manager of Revenue’s statistics and economic research section, said there would be “no additional penalties or suspicions” for people choosing a lower rating range.

“Just because you drop a rating range doesn’t mean we’re going to have to justify your rating,” he said.

Income would only involve people whose valuation was significantly out of step with valuations in their area – for example, a smaller mews house in an area with predominantly higher value properties – and only then would they ask. show how they achieved that particular value.

Tool analysis

Analysis of the online tool reveals that it shows different valuation bands for similar houses in parts of Dublin, including on different sides of Ludford Drive in Ballinteer, and for two roads in Glasnevin with similar houses – St Michael’s Road and St Malachy’s Road.

Forecasts for some streets in Dublin were also significantly lower than valuations for properties recently sold on the open market on Rathgar Road and Vernon Avenue in Clontarf.

Mr Walsh said the online tool was prepared “as an anchor or framework” based on the best data available for Revenue and reflected the development of house prices since 2013 so that it does not. not just based on recent transactions.

He said when the bands were introduced in 2013, about 80% of landowners stayed within appraisal guidelines or increased or decreased a single band as per revenue guidelines.

The fact that only 15,000 out of two million properties have been re-evaluated in the past eight years shows that owners “have done a good job evaluating their properties,” he said.

“Use the map to help you determine the value of your property, but don’t use the map in isolation,” he said. “Look at other sources like the house price register or your local real estate agents, then use your judgment: you know your house better than your neighbor’s.”


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