I’ve said it again and again, a vacancy tax is a waste of time. it’s far better to just increase property taxes or change it to be a land value tax.
Some quotes:
>This means that around 49,000 of the 57,000 registered owners of vacant homes on Revenue’s local property tax database will not have to pay the tax because they will be able to claim exemptions on their properties.
>These include holiday homes which are being lived in for more than 30 days per year, vacant properties undergoing refurbishment, vacant properties that are for sale or rent, and properties vacant due to illness or the recent death of the owner.
>Based on the estimated annual yield of €3 million, the average vacant home tax would be around €350 per home. This would suggest that most of the vacant homes are worth under €200,000 and therefore would be liable for three times their current property tax of €90 per year.
The vacant houses aren’t in places where people want to live so taxing them isn’t going to do a whole lot to help with the housing shortage.
“Labour TD says tariff has ‘all the hallmarks of a token tax’ as just 15 per cent of registered owners will have to pay due to exemption rules”
May as well be pissing in your mouth
This tax is bullshit. We’re building more houses, but building houses takes time. We need to fucking ramp it up. But there are vacant properties right now and they have to be utilised. But this tax is not a strong enough deterrent for vacancy and it’s too easy to be exempt. Another half measure by a bunch of fucking phoneys
And do wut with it?
The irish gubmemt is very fucking productive creating new taxes under all sorts of names but nothing else…
Useless cunts the lot of em
The vacant property tax is just a scam for the government to get more money while looking to ease the property crisis
5 comments
I’ve said it again and again, a vacancy tax is a waste of time. it’s far better to just increase property taxes or change it to be a land value tax.
Some quotes:
>This means that around 49,000 of the 57,000 registered owners of vacant homes on Revenue’s local property tax database will not have to pay the tax because they will be able to claim exemptions on their properties.
>These include holiday homes which are being lived in for more than 30 days per year, vacant properties undergoing refurbishment, vacant properties that are for sale or rent, and properties vacant due to illness or the recent death of the owner.
>Based on the estimated annual yield of €3 million, the average vacant home tax would be around €350 per home. This would suggest that most of the vacant homes are worth under €200,000 and therefore would be liable for three times their current property tax of €90 per year.
The vacant houses aren’t in places where people want to live so taxing them isn’t going to do a whole lot to help with the housing shortage.
“Labour TD says tariff has ‘all the hallmarks of a token tax’ as just 15 per cent of registered owners will have to pay due to exemption rules”
May as well be pissing in your mouth
This tax is bullshit. We’re building more houses, but building houses takes time. We need to fucking ramp it up. But there are vacant properties right now and they have to be utilised. But this tax is not a strong enough deterrent for vacancy and it’s too easy to be exempt. Another half measure by a bunch of fucking phoneys
And do wut with it?
The irish gubmemt is very fucking productive creating new taxes under all sorts of names but nothing else…
Useless cunts the lot of em
The vacant property tax is just a scam for the government to get more money while looking to ease the property crisis