Homeowners fearful that 36pc jump in house prices will see them hit with huge Local Property Tax bill
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Homeowners fearful that 36pc jump in house prices will see them hit with huge Local Property Tax bill
"One area has seen cost of a house shoot up by 48pc in just four years"
"The surge in the value of homes has triggered fears among households that their property tax bills will shoot up, a leading tax expert said."
"More than two million homeowners are getting letters from Revenue at the moment warning them to revalue their homes for the property tax."
One area has seen the cost of a house rise by 48% in just four years. The surge in home values has triggered fears among households that property tax bills will increase. More than two million homeowners are receiving letters from Revenue warning them to revalue their homes for the property tax. Revaluation outcomes could push many properties into higher valuation bands and lead to increased annual charges. The scale of the revaluation process is creating concern about affordability and unexpected tax liabilities for a large number of owners.
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