Revenue will take property tax from accounts

Homeowners who fail to register to pay the new property tax have been warned it will be deducted from their salary, social welfare payment, or bank account.

Owners will be billed for six months this year, with Revenue posting estimates of what that bill will be to 1.6m property owners from Mar 11.

However, Revenue has stressed it is a self-assessed tax — with owners asked to place a market value on their homes and pay the corresponding bill.