asked the Minister for Finance if he will indicate the total amount of revenue raised as a result of the introduction of residential property tax; and if he will give an estimate of the cost of collecting same.
Written Answers. - Residential Property Tax.
96.
I have been advised by the Revenue Commissioners that the yield from residential property tax is as follows:—
|
Year ended 31 December |
Yield |
|
£ |
|
|
1983 |
1,028,317 |
|
1984 |
1,054,796 |
|
1985 |
2,085,170 |
|
1986 |
1,761,088 |
|
1987 |
2,020,598 |
|
Total |
7,949,969 |
The estimated cost of collecting this tax was £200,000 in 1987 which compares with an estimated annual cost of collection of £250,000 in earlier years.