Ms Anne Marie Walshe:

Band 1 will be from €1 to €200,000 which is up from €1 to €100,000. Band 2 is fixed between €200,000 and €262,500. Bands 3 to 11 are in jumps of €87,500 which represents a 75% increase on the €50,000 band threshold that was there before. Band 3 will be for values between €262,501 and €350,000. Band 4 will be €350,000 and €437,500, and so on. On the fluctuations in the valuations, the valuations for the LPT is at a point in time. The valuation date will be 1 November of this year. Revenue provides guidance to assist property owners in arriving at the appropriate valuation band for their property rather than a precise value.