Dooley’s concern on increasing property taxes

Clare Fianna Fáil TD Timmy Dooley has urged local Government TDs “to back a common sense proposal” from the Opposition to avert a major increase in property taxes.

Under the Government’s property tax law properties have to be revalued from their 2013 levels in 2016. But property prices have been rising steadily and this will result in a massive hike in the property taxes if nothing is done to stop it.

Deputy Dooley said, “There is widespread concern already that people in Clare will find their water bills rising considerably once metering is fully introduced. The prospect of a further increase in property tax bills represents another threat hanging over households. But it can be stopped.

“Fianna Fáil is committed to a review of the property tax, which takes account of people’s ability to pay. The Government should take the opportunity afforded by the Finance Bill to repeal the revaluation in 2016. My colleague Deputy Michael McGrath has published an amendment to the Finance Act, which would give effect to this.”

Deputy Dooley noted how Government backbenchers have been voicing their concerns about this issue in recent times.

“If they are serious about making a real change to help people they will back the amendment that Fianna Fáil is proposing. This is a common sense measure that should be supported.

“The latest data from the CSO shows nationally prices have risen by 21% since May of last year. Even if there is a slowing in the current rate of growth in property prices, it is likely that the next valuation date will see homeowners having to revise the valuation basis for their property tax declaration by a large amount. For most properties, the effect of moving up one valuation band is an extra €90 per year. But the reality is some homeowners in Clare could see their home rise by two valuation bands or €180 a year.”