25% of homes are valued less than €100k

A quarter of all homes in the Republic have been valued at less than €100,000 by their owners for the purpose of paying the property tax — more than three times the estimate used by the Government in designing the tax.

Revenue figures also show that one in 10 property owners have failed to make a declaration to pay the tax.

According to the latest Revenue figures, 24.9% of properties were valued at less than €100,000 in returns filed for the tax.