Newstalk
Newstalk

16.44 22 Jul 2015


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The Finance Minister says the property tax will not increase in line with rising house prices.

Michael Noonan says the Coalition will examine ways to assess the levy - and whether it should be collected by central government or managed by local authorities.

He says there will be no ‘sudden shocks’ in the demand for property tax.

Minister Noonan says the Government wants to keep the take in line with current levels:

The Tánaiste has previously said a cap is being considered on the charge when a three year freeze expires next year.

Revenue said earlier this year that compliance rates of 96% were achieved last year in relation to local property tax.


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