Value-based property tax is best option

One of the arguments against a value-based property tax is that it punishes a house owner who improves the value of their house by installing insulation, building an extension etc.

Opponents of value-based tax propose a site tax or square meterage-based tax instead.

The disadvantage of these alternatives is that they don’t take into account the improvement of a house by the Government building a Luas nearby, or conversely drastically disimproving it by building a sewage treatment plant.