The Local Government (Charges) Act 2009 broadened the revenue base of local authorities by introducing a charge on non-principal private residences. The self-assessed charge is set at €200 and liability for it falls, in the main, on owners of rental, holiday and vacant properties.
I understand that the Non Principal Private Residence Charge has raised €73.2m in respect of 2012 liabilities to date, a portion of which has been collected in 2013. As such, were the Charge to continue to operate in 2014 and if it were to be set at €300, I would anticipate revenue in excess of €100m. However, 2013 will be the final year of the operation of the Charge.
The Local Property Tax is being introduced on a half year basis this year and accordingly 50% of the Tax is payable in 2013. From 2014, the Tax will operate on a full year basis.