Vol. 449 No. 7
89 Mr. Callely asked the Minister for Finance the estimated yield in 1995 from residential property tax; the geographic locations which have paid the greater share of the total residential property tax to date; and if he will make a statement on the matter. [4454/95]
Residential property tax is estimated to yield £10 million in 1995. I am informed by the Revenue Commissioners that the greater share of residential property tax comes from householders in the Dublin region. An analysis of returns filed for the 1994 valuation date (when the value exemption threshold was £75,000) indicated that residential property tax taxpayers with addresses in County Dublin constituted 65 per cent of the total number of taxpayers and paid 75 per cent of the total tax. This simply reflects the reality that the majority of houses valued in excess of the exemption threshold are located in Dublin.
