Appealing Property Tax Valuation

Lisha

Hi

I received letter from revenue stating that our house is valued in the 150,000-200,000 bracket. Which means we owe 157euro for half year and 325 for full year.

I do not believe our house is worth in excess of 150,000.

Our house is a 3bed 2bathroom bungalow built 4yrs ago in a rural location with no access to mains water.

A house across from house sold for approx 80k last yr (bank sale) (4bed dormer)

I would have (grudgingly) accepted our house being valued in the 100,000-150,000 bracket .

So fellow boardsies,
A. Is there any point appealing this valuation?
B. how do I go about appealing ?

The_Conductor

You don't have to appeal against Revenue's valuation- its an estimate. Put the lower valuation on the form and return it.

Redshift

It’s a self-assessed tax so you pay tax at the rate you thinks it's worth.
Check on the http://www.propertypriceregister.ie
for comparable houses in your area and then print or save a screen shot.
Mine was also over valued but I found on the above site four similar properties in our estate were sold in 2012/3 so I added them together and divided by four which gives a median value for the house/area
In my case it was bang in the middle of the band beneath that which revenue indicated.
So I will be paying one band lower than their estimate and I have evidence to back my valuation.

Cathmandooo

It's self assessed, find properties in your area that have sold and are similar to yours. Pay according to those prices

RATM

Only caveat is to make sure that the house that sold for €80k was a regular sale.

If the house was, for example, fire damaged and sold for €80k as a result then Revenue would have a case against you down the line.

But if you're comparing like for like then go for it. Print and keep screenshots of the €80k house on the property price register as your evidence and you'll be fine.

Lisha

House was sold as a liveable house and they moved in as such
So now I ll search property price register.

Thanks for all the help every one

mathepac

Here's a thread on www.askaboutmoney.com designed to help with realistic and fair market values. http://www.askaboutmoney.com/showthread.php?t=177785

Altogether a collection of better designed sites with better user-interfaces and bigger data-sets than that stupid Property Price Register. One wonders what the new quango on the block spent to get a bad job done badly. not that they care mind you, because the money comes from our pockets.

Nickindublin

Anyway I got my letter in. Revenue have placed my apt in the 200-250k and looked for 202 euro for half year. I have a one bed ground floor in a complex with just 1,2 and 3bed apt.1 bed Apt been sold ATM for between 80k and 90k according to the property price register. So I think I should be paying 45 euro to revenue not 202. So I think they will be getting 1.80 per week off me for 6 months...