Property Tax over valuation of houses

March 26, 2013 By Leave a Comment

25th March, 2013

Dear resident,

It has come to our attention in the past week as people continue to receive their Household Charge Bills from the Revenue Commissioners that the current market value of houses, are being grossly overestimated. The Notice of Estimate at the bottom of the page sets out what you should pay for this year. It “ is legally payable by you the resident, UNLESS, you submit a completed Return setting out the amount of Local Property Tax payable by you in respect of this property,” i.e an honest assessment of what you think your property is currently worth.
For example, currently houses in Finglas South are being offered for sale on Daft.ie and myhome.ie for under 100.000 euro . They are actually selling in the region of 55,000. Revenue in their letter to residents in Finglas South are asking for 157 for this year thus estimating that a house in this area to be worth the region of 150,000 to 200,000. The full Household Bill for 2014 will therefore be 314 euro with a review upwards from 2016 onwards.
In Pairc na Cuileann, the Revenue Commissioners have put an estimated value of 250,000 to 300,000 euro on each house. If you agree on this figure the Property Tax for 2014 will be 500 euro. The two City Council built houses are on Willow Park Road, Glasnevin are on the market with an asking price of 165,000. Daft.ie estimate that a 3 bed in Poppintree is worth 135,000 and a four bed is in the 150,000 to 200,000 bracket. Therefore , residents in Pairc na Cuileann fill in section B Band number 2 and enter 112 euro.
This letter is for information purposes and we are not advocating that you pay the Property Tax but if you do decide to pay make sure you do not pay more than you legally have to.

Is mise,

Dessie Ellis.

Filed Under: Ballymun, Drumcondra, Finance, Finglas, Housing, National News, Santry, Whitehall

Minister must meet with families struggling with shared ownership mortgages – Ellis

March 26, 2013 By 1 Comment

Sinn Féin Housing spokesperson Dessie Ellis TD has called on the Minister for Housing Jan O’Sullivan to meet with families who are struggling with their shared ownership mortgages. He made his comments following a Dáil briefing by a group campaigning for these families.

Deputy Ellis said;

“I have written to the minister asking her to focus her attention on the issue of shared ownership mortgages and the difficulty many families who took part in this scheme are having at present.

“I have raised these issues before with her and she is aware of the problem but nothing has been done to support these families and aid them in keep their homes or moving on without taking on huge insurmountable debts.

“People who took on shared ownership mortgages are now tied to homes. In many cases these homes are no longer suitable to their needs or are unaffordable but due to negative equity and the refusal of local authorities to recognise their liability they can do nothing but wait for things to get worse, as hours are cut, wages are cut and the cost of living goes up as well as their rent.

“A group has been set up with whom I met today. It includes people who are directly affected by the problems in the shared ownership scheme, their families and their representatives. They have requested a meeting with the minister and Sinn Féin wholeheartedly supports that called.

“I have been working with families locally to support them but a real state-wide strategy is needed. This is not a large group of people but they are facing real problems and the state must do what it can.”

Filed Under: Housing