Finian McGrath
Question:126. Deputy Finian McGrath asked the Minister for Finance the amount of property tax that will need to be paid for a house valued at €600,000 for a family on an invalidity pension of €1,100 per month. [56314/12]
View answerTuesday, 18 December 2012
Questions (126)
Written answers
The 2013 half year property tax amount due on a property valued at €600,000 is €517. The full year property tax amount due on a property valued at €600,000 is €1,035. A property owner whose gross income (excluding child benefit) does not exceed €15,000 in the case of a single person and €25,000 in the case of couple, whether married, civil partners or qualified cohabitees would be entitled a full deferral of Local Property Tax. The deferral can be claimed, until the property is sold or transferred. A property owner whose sole income was €1,100 per month would come within this category.
Marginal relief will apply where the gross income is €10,000 above the income limits, to permit deferrals of up to 50 per cent of liability.