Mr. John O'Callaghan:

When the residential property tax came into being, it was suggested that there would be more appeals, but I did not think there would be and I will explain. I cite the example of a difference of €300,000 between the value of a house as against what Revenue decides its value is. The tax is 0.18%, call it 0.2%, of €300,000. One per cent of €300,000 is €3,000 so 0.2% is €600. If a person decides to go to appeal the amount of €600 and hires a valuer and so on, it is not worth it. My sense was that there would not be that many appeals about the residential property tax and we have not had one yet.