Flooding victims not allowed revalue homes for lower property tax

Flooding victims coping with damaged homes will not be allowed revalue their homes for lower property taxes, Finance Minister Michael Noonan has confirmed.

Revenue chiefs have also told the Irish Examiner that — despite Government suggestions the taxes could be reduced downwards — there would be no decreases because of flooding.

Several ministers, including Mr Noonan, previously said during ‘Storm Desmond’ that homeowners should submit a new valuation for property taxes, which are self-assessed. Mr Noonan said then it was “already within the legal base of the property tax to allow householders to deal with reducing values from any extraneous event including flooding”.