Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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This week the Central Statistics Office, CSO, estimated property prices in Dublin have increased since 2013, the year of the original valuation, by 86%. The Thornhill review is based on a rise in property prices of 26% nationally and 41% in Dublin. The CSO, however, stated the increase is actually 86%, more than double the valuation on which Thornhill operated. If the latter increase is the case, it would be fair to say that the overwhelming majority of people will see a significant increase in their property tax. Given the current spectacular rises in property prices in Dublin, many householders might be jumping nearly three valuation bands. Is that a fair comment?