Property tax ‘still a headache’ despite price fall

Official figures yesterday showed that the annual rate of home price increases has eased in some regions, but the headache for the Government in considering a potential overhaul of the local property tax has far from lessened, according to an analysis by the Irish Examiner.

The Department of Finance confirmed yesterday that Minister Michael Noonan had received an expert report as the Government considers possible reforms to the property tax.

The CSO said that its latest residential price index showed only a meagre monthly 0.1% increase in all types of homes across the State, and recorded an increase of 10.7% in the 12 months from June 2014.