Revenue will accept house valuations 'close to zero', says Minister

on 21/03/2013 18:12:48

Minister for Housing Jan O'Sullivan has said that the Revenue Commissioners will accept a homeowner's valuation of 'close to zero' if it reflects the true value of a house.

Under the guidelines, houses that are worth less than €100,000 will only have to pay €90 of property tax.

It emerged earlier that the number of households exempt from the tax is dramatically lower than those exempt from the €100 household charge, and stands at 5,000 homes.

Housing Minister Jan O'Sullivan said that if a house is genuinely "worthless", the owner will only have to pay €90 tax on it.

"If you're close to zero, then you're in the €90 a year bracket, which is the same as a Local Authority house," she said.

"All the Local Authority houses are going to be in the lowest assessment category.

"If you believe your house is worth less than €100,000 well then you put yourself into the lowest category, and you do it legitimately."