Áras is valued at just €750k for property tax

It is the country’s best-known residential property, but the State has put a value of just €750,000 on Áras an Uachtaráin.

However, the Commissioners of Public Works, in putting a value on President Michael D Higgins’s home, are not seeking to cash in on the recent upsurge in Dublin property prices by looking to hawk off the property to any cash-rich overseas investors.

Instead, the State agency is — like every other homeowner in the country — fulfilling its obligations to the Revenue by putting an estimated value on its property as part of the Government’s property tax scheme.