Property Tax over valuation of houses

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.

Over three years of NAMA and just 179 homes delivered for social housing – Ellis

Sinn Féin Housing spokesperson Dessie Ellis TD has described progress on social housing from NAMA properties as very disappointing. He made his comments in response to a parliamentary question which found that just 179 homes have been delivered for social housing despite NAMA being in existence since late 2009 and its many commitments to providing a social dividend.

Deputy Ellis continued;

“This just isn’t good enough. I welcomed the renewed commitment by NAMA last year to provide 3,949 units for use for social housing but so little has been delivered in a time when housing waiting lists are bursting at the seams and people are finding it harder to keep their home or to afford spiralling rents.

“The social lease system pursued by the government is a lucrative one for developers within NAMA who will have their properties’ rents hassle free and will be returned their properties once the lease ends. These are developers who have been bailed out by the people already and are being fed by NAMA but have repaid nothing in the way of social dividend.

“Thousands of NAMA units which could be new homes for people who have been waiting years are lying idle. The Minister for Housing and the department need to get tough with developers and NAMA and to ensure this is delivered on soon. We cannot let another year go by where NAMA houses only a handful of people. We have waited long enough.

“The minister must also pave the way to allow local authorities to take over unfinished estates which have no bond and are in the control of a financial institution or NAMA so that these sites can be completed and people can finally be housed. This is all about the political will to provide much needed housing, either the government has it or it doesn’t.”