People who do not pay their property tax have been warned that Revenue is “very clear that they're going to come looking for you”.
Last year, all homeowners were required to fill out a Local Property Tax return, in which they calculated the value of their house or apartment.
However, Revenue has today announced that returns were not filed for some 390,000 properties.
On The Claire Byrne Show, Sunday Times Deputy Business Editor John Ihle said the valuations are meant to last for the next four years.
“Now, 1.9 million homeowners have sent in the correct paperwork,” he explained.
“But everybody else was supposed to take a valuation on November 1 and submit it by November 12 to revenue.
“And that would basically determine which tax band your property was in.
“There's a new valuation period that runs from 2026 to 2030.”
Homes in County Kerry. Picture by: Alamy.com.Given the significant increase in property prices since the last valuation, the vast majority of homeowners will find their property has moved into a higher band.
“Each band is roughly an increase of €100 a year, give or take,” Mr Ihle continued.
“Revenue is saying that 390,000 properties do not have this return and have not submitted returns.
“Now, of those 220,000, 227,000 of those properties do have a payment instruction in place - which means they were paying their property tax up until November.
“They're just behind on filing the returns.”
For those who have not filled out their returns, Mr Ihle said that Revenue have been “very clear that they're going to come looking for you”.
“Revenue says it's going to start its noncompliance campaign, basically going after these homeowners,” he said.
“First, starting with a letter issued this week saying you need to file this return.
“But then next going to their employers and saying, ‘If it's not done in a fortnight, we're going to start deducting local property tax from their wages.’”
Main image: Houses in Dublin's north inner city. Picture by: Leah Farrell/RollingNews.ie.
