Property tax nets €463m but homes undervalued

Most homeowners are still valuing their homes differently to Revenue when it comes to assessing their liability for property tax.

Now Revenue has warned people could be asked to justify the difference and make up any shortfall.

Some 58% of the 1.68m properties subject to the tax, more than 974,000 homes, are self-assessed to differently to Revenue, with 41% or 688,800 of them undervalued according to Revenue estimates.