Pearse Doherty
Question:354. Deputy Pearse Doherty asked the Minister for Finance the projected revenue generated by the local property tax in 2022, disaggregated by valuation band number in tabular form. [40244/22]
View answerTuesday, 26 July 2022
Questions (354, 355)
Pearse Doherty
Question:355. Deputy Pearse Doherty asked the Minister for Finance the projected revenue generated by the local property tax in 2022 relative to property value of €312,000 and below for example, with respect to a property of value €400,000, the revenue generated by the tax on the first €312,000. [40245/22]
View answerWritten answers
I propose to take Questions Nos. 354 and 355 together.
I am advised by Revenue that the table below provides an estimated breakdown, by valuation band, of the projected revenue generated by Local Property Tax for the year 2022. This estimate is based on (i) the liability included in returns filed for the year 2022 and (ii) payments made for the year 2022 with no corresponding returns filed yet. The Deputy will wish to note that payments in respect of the 2022 LPT liability were made in both 2021 and 2022. The breakdown does not include deferred tax amounts.
|
Band Number |
Property Band € |
Projected Revenue€ m |
|
1 |
0-200,000 |
79.6 |
|
2 |
200,001-262,500 |
84.4 |
|
3 |
262,501-350,000 |
101.9 |
|
4 |
350,001-437,500 |
63.6 |
|
5 |
437,501-525,000 |
39.6 |
|
6 |
525,001-612,500 |
23.3 |
|
7 |
612,501-700,000 |
18.2 |
|
8 |
700,001-787,500 |
12.9 |
|
9 |
787,501-875,000 |
11.2 |
|
10 |
875,001-962,500 |
7.7 |
|
11 |
962,501-1,050,000 |
5.7 |
|
12 |
1,050,001-1,137,500 |
3.8 |
|
13 |
1,137,501-1,225,000 |
4.2 |
|
14 |
1,225,001-1,312,500 |
3.3 |
|
15 |
1,312,501-1,400,000 |
2.9 |
|
16 |
1,400,001-1,487,500 |
1.8 |
|
17 |
1,487,501-1,575,000 |
2.6 |
|
18 |
1,575,001-1,662,500 |
1.8 |
|
19 |
1,662,501-1,750,000 |
2.6 |
|
20 |
1,750,000+ |
18.7 |
|
490 |
I am advised by Revenue that as the LPT return requires liable persons to indicate the valuation band into which their property falls rather than the exact market value, Revenue does not have the necessary information to project the LPT revenue associated with the specific value threshold indicated by the Deputy.
Question No. 355 answered with Question No. 354.