Kilbarry is highest for Property Tax

snausbaby

Kilbarry is split into two, the outer zone is the only Zone 4 in Waterford (201,000 to 250,000) from what I could see, everywhere else is zones 2 or 3. The shading is not easy to read but if you click on area you get the details in a pop up.




https://lpt.revenue.ie/lpt-web/valuation-guide/index.htm

libra02

snausbaby wrote: »

Kilbarry is split into two, the outer zone is the only Zone 4 in Waterford (201,000 to 250,000) from what I could see, everywhere else is zones 2 or 3. The shading is not easy to read but if you click on area you get the details in a pop up.




https://lpt.revenue.ie/lpt-web/valuation-guide/index.htm

I have to say that map not exaclty user friendly but then again why am I surprised. From having a quick run through it seems a 4 bed detached house on the Dunmore Road is same as a 2 bed semi detatched house closer to town. Both seem to be in valuation bracket 3

Surely that could not be correct values. From my reading all the developments along the Dunmore Road would be in the Valuation brackets 3 - 6 ( depending on house and exact location there be differences obviously)

mike65

3 bed bungalow in Cherrymount is in same zone as someone living in a 4 bed detached house in Grange Park. Nuts.

Potential-Monke

Question for anyone that might know:

Just going through the site there, and it's using a mid-value for each zone, ie: Zone 1 is €0 to €100,000, mid-band is €50,000, so yearly tax is €90. If your property was worth €75,000, do you pay more, or less if the property is worth less than €50,000? Or does it matter, that you go by the average/mid-value for that band?

libra02

Potential-Monke wrote: »

Question for anyone that might know:

Just going through the site there, and it's using a mid-value for each zone, ie: Zone 1 is €0 to €100,000, mid-band is €50,000, so yearly tax is €90. If your property was worth €75,000, do you pay more, or less if the property is worth less than €50,000? Or does it matter, that you go by the average/mid-value for that band?

If I read it correcly people within Band 1 can either choose to pay the mid point of €90 or if they feel there house it not even worth the mid point of €50,00 can submit their valuation of the hosue and ask Revnue to accept and calculate the property tax on their assessment of value of property.


This goes for all the bands.

ozmo

Potential-Monke wrote: »

Question for anyone that might know:

Just going through the site there, and it's using a mid-value for each zone, ie: Zone 1 is €0 to €100,000, mid-band is €50,000, so yearly tax is €90. If your property was worth €75,000, do you pay more, or less if the property is worth less than €50,000? Or does it matter, that you go by the average/mid-value for that band?

Think you pay by the band - unless you have a house worth over a million - then you pay the exact amount.

decies

How many different coloured orange bands could they use!!! Hopeless website.

batistuta9

decies wrote: »

How many different coloured orange bands could they use!!! Hopeless website.

you don't even need the orange bands

just click your electoral district & it gives you the valuation

decies

Well looking at it on I pad it's hopeless

ozmo

decies wrote: »

Well looking at it on I pad it's hopeless

You just click - works ok for me. Very fast too considering the hammering it must be getting.

spankmemunkey

Just looking at kilbarry there, if you go to the houses say in foxwood, zoom in on the map and click on one of those houses its coming in at band 2 100-150,000 euro whats that value per year?

barneystinson

Potential-Monke wrote: »

Question for anyone that might know:

Just going through the site there, and it's using a mid-value for each zone, ie: Zone 1 is €0 to €100,000, mid-band is €50,000, so yearly tax is €90. If your property was worth €75,000, do you pay more, or less if the property is worth less than €50,000? Or does it matter, that you go by the average/mid-value for that band?

You pay based on the midpoint of the band.

barneystinson

libra02 wrote: »

If I read it correcly people within Band 1 can either choose to pay the mid point of €90 or if they feel there house it not even worth the mid point of €50,00 can submit their valuation of the hosue and ask Revnue to accept and calculate the property tax on their assessment of value of property.


This goes for all the bands.

You read it incorrectly - you pay based on the midpoint, don't make it any more complicated than it already is!

mecco

decies wrote: »

How many different coloured orange bands could they use!!! Hopeless website.

Someone in Revenue has a great sense of humour if you ask me..with all the easily contrasting colours they could use, they decide to f**k with people!!

"is that the light orange or the ever so slightly lighter orange?!"

spankmemunkey

So if i have a value of 100-150,000 then i must value my house at 125,000?

deeks

spankmemunkey wrote: »

So if i have a value of 100-150,000 then i must value my house at 125,000?

As far as I am aware the website is purely meant to be a rough guide for people. If you base your value from the website but it turns out to be incorrect you will face a fine.

To answer your question, all values the fall into a particular band are taxed at the midpoint of that band so whether you value your house at €101,000 or €149,000 you will pay based on a value of €125,000.

batistuta9

barneystinson wrote: »

You pay based on the midpoint of the band.

barneystinson wrote: »

You read it incorrectly - you pay based on the midpoint, don't make it any more complicated than it already is!

not if you feel that the midpoint of the band is too high a valuation of your house

no point paying more than you should

deeks

batistuta9 wrote: »

not if you feel that the midpoint of the band is too high a valuation of your house

no point paying more than you should

You can only pay at the midpoint of a band. If you value your house at €101,000 you will pay at €125,000. There is no choice in the matter!!

batistuta9

deeks wrote: »

You can only pay at the midpoint of a band. If you value your house at €101,000 you will pay at €125,000. There is no choice in the matter!!

No, there is a choice. The bands are only for guidance/estimates

if you think your house is 101k or even is worth under 100k you can get it assessed yourself and send in the details to revenue or wherever it goes

barneystinson

batistuta9 wrote: »

No, there is a choice. The bands are only for guidance/estimates

if you think your house is 101k or even is worth under 100k you can get it assessed yourself and send in the details to revenue or wherever it goes

Nope, you can't - where are you even getting that from?!

Just to be clear, from Revenue's FAQs on the LPT:

"5.1 How do I calculate how much I will have to pay?
The amount you pay will depend on the market value of your residential property on 1 May 2013.
For the purposes of calculating LPT, property values will be organised into market value bands:
• The initial band will be €0 - €100,000;
• Subsequent bands will be organised in values of €50,000 width up to €1,000,000
• The tax liability will be calculated by applying the tax rate to the mid-point of the band."

Gael23

spankmemunkey wrote: »

So if i have a value of 100-150,000 then i must value my house at 125,000?

Ours is ridiculous, band3 for a 4bed semi on dunmore road. Worth about 100k more than they say it is.

deeks

batistuta9 wrote: »

No, there is a choice. The bands are only for guidance/estimates

if you think your house is 101k or even is worth under 100k you can get it assessed yourself and send in the details to revenue or wherever it goes

No - This is not correct. You can value the house yourself or get it assessed however you will still pay at the midpoint of whatever band that value falls into.

batistuta9

barneystinson wrote: »

Nope, you can't - where are you even getting that from?!

deeks wrote: »

No - This is not correct. You can value the house yourself or get it assessed however you will still pay at the midpoint of whatever band that value falls into.

yeah it was misinformation about it.

the fact than you can get/send in your own assessment of the house, was being mixed up with that you paid tax on this too, instead of just the midpoint it falls into