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Detailed property tax collection information should be published


Volatire

Well-known member
Joined
Feb 25, 2012
Messages
13,382
In principle a well-functioning property taxation system should be a key part of a predictable revenue stream for sustainable funding of public services. This has many benefits, not least of which are lower interest rates demanded on Irish debt by the bond market.

The annual property taxes paid by every property in the country should be published online. People should be able see what others are paying. Those who are overpaying should be able to see that this is the case and take action. Tax cheats should be exposed. The system must be fair, but must be seen to be fair.

Publishing of property tax data would also help the dysfunctional housing market. House-buyers would be in a position to see the house valuation used by sellers. If a seller thinks their house is "worth" 500k, is that the valuation they are using for tax purposes? If it is, the buyer can have some confidence that the asking price is justified. Slowly, this would help confidence to return to the market but at realistic price levels.

Publishing of all property tax data. Take the spoofing out of the property market.
 

asset test

Well-known member
Joined
Oct 3, 2008
Messages
14,812
Anyone selling a house now would need to give the lowest band applicable to the house/area.

Why would anyone buy a house for say 500k, where the seller has declared 400k for tax?

Wouldn't a buyer prefer a lower price? Seller may not of. Ourse, but the higher price should be reflected in the tax band for PT.

Simple thing is a tax clearance cert for Property tax every year that must be shown to a purchaser, giving the band within which the seller has self assessed the tax

Just like a BER cert.

Sorted!
 

tigerben

Well-known member
Joined
Sep 21, 2010
Messages
4,621
More tax for the government to piss away, the tax we already pay, directly and indirect don't seem to cover what its meant to.
 

cobhguy

Well-known member
Joined
Jun 22, 2010
Messages
680
Sure why not have every one publish their tax returns each year so i can make sure everyone is paying the correct amount.
 

SPN

Well-known member
Joined
Feb 2, 2004
Messages
16,876
In principle a well-functioning property taxation system should be a key part of a predictable revenue stream for sustainable funding of public services.
How would a property tax in the years 2002-2012 have been any more predictable than the taxes that came from other sources?





This has many benefits, not least of which are lower interest rates demanded on Irish debt by the bond market.
If we want a lower interest bill all we have to do is stop the chronic overspending, which is still running at €50 million a day.





The annual property taxes paid by every property in the country should be published online. People should be able see what others are paying. Those who are overpaying should be able to see that this is the case and take action. Tax cheats should be exposed. The system must be fair, but must be seen to be fair.
I'm not aware of any proposal to tax every property in the Country. Agricultural land, for instance, which is capable of earning both a direct income from producing food, and which gets a significant income in the form of cheques in the post from the EU, is not going to be taxed.

Where is the fairness in that?

Likewise, where is the fairness in taxing me based on what someone else paid for their property?

That's like taxing me based on what someone else earns.

It might be effective, but it certainly is not "fair"





Publishing of property tax data would also help the dysfunctional housing market. House-buyers would be in a position to see the house valuation used by sellers. If a seller thinks their house is "worth" 500k, is that the valuation they are using for tax purposes? If it is, the buyer can have some confidence that the asking price is justified. Slowly, this would help confidence to return to the market but at realistic price levels.

Publishing of all property tax data. Take the spoofing out of the property market.
There won't be too many houses selling for €500,000 until the banks start lending again, and that's not going to be anytime this side of 2020.
 

im axeled

Well-known member
Joined
Nov 24, 2010
Messages
29,724
motor mouth vadakar says that it will be fair, motor mouth says that the budget will be fair, yeah ted fair for him and his elitist buddys, who will keep their over the top wages, also they have arranged for themselves a pay rise, plus a raise in their unvouched expenses, motor mouth this kind of schit is only fair to you, not the great unwashed.
 
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