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House price next door for property tax

Tawny Owl · 2013-03-13 16:44:33

I hope I am in the right section, but yesterday on coming Home I seen a person put a "for sale sign" in the next door house, which was repossed by the bank, its been empty over three years now so here is where I get mad, the Revenue have put a value on my home in the 100.000 to 150.000 bracket.The tax due will be € 112. I…

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13-03-2013 5:44pm

#1

Tawny Owl

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I hope I am in the right section, but yesterday on coming Home I seen a person put a "for sale sign" in the next door house, which was repossed by the bank, its been empty over three years now so here is where I get mad, the Revenue have put a value on my home in the 100.000 to 150.000 bracket.The tax due will be € 112. I spoke to the lads fitting the sign and the price of the next door house will go for €90.000, but they will except € 80.000 for a quick sale. I bought my house in 2006 for € 274.000, now where do I stand in my value on my home. I have down loaded every house that was sold in my estate since 2006 and the prices they have sold for, the price just keep's going down and down, so how in the name of God can I value this house and if I under value now, what will I expect in the future as a Tax bill for my under valuation.:mad::mad::mad:

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#2 13-03-2013 5:47pm
Frank Grimes

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Accommodation & Property would be a better bet for proper advice. You'll probably just get the piss taken out of your lack of punctuation here.

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#3 13-03-2013 5:48pm
Kylo Ren

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LOOK AT THE LACK OF PUNCTUATION ON YOUR POST. BAHAHAHAHAHAHAHA

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#4 13-03-2013 5:50pm
ejmaztec

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Frank Grimes wrote: »

Accommodation & Property would be a better bet for proper advice. You'll probably just get the piss taken out of your lack of punctuation here.

People wouldn't give a hoot about Tawny Owl's punctuation here.:p

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#5 13-03-2013 5:51pm
FatherLen

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definitely the wrong forum. for example, my suggestion is burn your house for the insurance before it's too late.

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#6 13-03-2013 5:51pm
Pushtrak

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Tawny Owl wrote: »

I hope I am in the right section but yeaterday on coming Home I seen a person put a FOR SALE sign in the next door house which was repossed by the bank its been empty over three years now here is where I get mad the Revenue have put a value on my home in the 100.000 to 150.000 € 112 tax I spoke to the lads fitting the sign the price of the next door €90.000 but will except € 80.000 for quick sale I bought my house in 2006 for € 274.000 now where do I stand in my value I have down loaded every house that was sold since 2006 in my estate and the prices they have sold for they just keep going down and down how in the name of God can I value this house of mine and if I under value now what will I expect in the future a Tax bill for my under valuation:mad::mad::mad:

That was a long sentence. Oh, and thinly veiled "I have an expensive house" and house piracy. Don't download those.

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#7 13-03-2013 5:52pm
antodeco

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Based on your location, I hope you are paying the Bear Tax

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#8 13-03-2013 5:52pm
Tawny Owl

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I see that already :D:D

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#9 13-03-2013 6:01pm
martic

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Tawny Owl wrote: »

I hope I am in the right section but yeaterday on coming Home I seen a person put a FOR SALE sign in the next door house which was repossed by the bank its been empty over three years now here is where I get mad the Revenue have put a value on my home in the 100.000 to 150.000 € 112 tax I spoke to the lads fitting the sign the price of the next door €90.000 but will except € 80.000 for quick sale I bought my house in 2006 for € 274.000 now where do I stand in my value I have down loaded every house that was sold since 2006 in my estate and the prices they have sold for they just keep going down and down how in the name of God can I value this house of mine and if I under value now what will I expect in the future a Tax bill for my under valuation:mad::mad::mad:

I felt like 1 of the tongue twister twins from Bosco trying to read that

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#10 13-03-2013 6:02pm
Chips Lovell

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If the house next door to you sells for €90K, then value your house at that for the Property Tax. The Revenue assessment is a guidance not a requirement and you can use your own valuation instead.

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#11 13-03-2013 6:03pm
dearg lady

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The revenue website just gives suggested valuations. It doesn't even take into account house size, relax!

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#12 13-03-2013 6:05pm
phasers

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Hypothetical question: My house is currently in bits so it's not really worth much. If I fix it up next year, thus increasing the house's value, do I have to declare this? Would I get in trouble if I sold the house for more than I declared it to be worth?

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#13 13-03-2013 6:13pm
Chips Lovell

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phasers wrote: »

Hypothetical question: My house is currently in bits so it's not really worth much. If I fix it up next year, thus increasing the house's value, do I have to declare this? Would I get in trouble if I sold the house for more than I declared it to be worth?

The initial value is fixed for five years, so you won't have to revalue it until then.

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#14 13-03-2013 6:47pm
studiorat

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The bank still owns my house 'til the mortgage is paid.
I'll be sending them the tax bill!

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#15 13-03-2013 6:48pm
TwoShedsJackson

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studiorat wrote: »

The bank still owns my house 'til the mortgage is paid.
I'll be sending them the tax bill!

You wish.

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#16 13-03-2013 6:51pm
Rayne Wooney

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Full stops, familiar you are not.

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#17 13-03-2013 6:51pm
MadYaker

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studiorat wrote: »

The bank still owns my house 'til the mortgage is paid.
I'll be sending them the tax bill!

Good luck with that. Let us know how it works out.

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#18 13-03-2013 6:54pm
Bullseye1

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The banks are selling at fire sale price. I'm sure you would hope to get more for your own. Maybe make an offer to the bank to buy the neighbouring property and sell yours at the real value.

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