Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I aim to ensure that their neighbour is paying property tax in the same way that they are. I aim to have that in place for the revaluation that will take place towards the end of next year. I am well aware of the issue that the Deputy raises. I am also aware of what has happened and of revaluation points for taxes such as this all over the world. The Deputy should look at the report I gave to the committee, which I know I will engage with it on later. The committee said a while ago that there were two different models it wished to look at regarding how well property tax could work. One was to have a model in which yield for the country is fixed and each local authority can vary the rate, or a model in which we fix the rate for the country and have that give the yield that it does. After months of poring over many different tables and ways of doing it, it became apparent to me that because of the different levels of price growth in different parts of the country, the consequences of either of those two routes would be very different from what even the Deputy may have expected. I will ensure that we can retain that tax. I have some ideas about how we will do it. When the Deputy looks at my report, as I am sure he has, the consequences of the different options that the House and I have considered may be different from what was initially thought.