Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I said that I was not prepared to introduce further legislation to change the current legislative parameters but I think progress can be made administratively. As I said in my reply to Deputy Daly, if a property owner believes that the valuation band selected on the valuation date of 1 May 2013 did not take account of the existence of pyrite then he or she should make contact with Revenue to discuss the possibility of having the band reduced. In other words, if the house is worth a lot less than was thought in 2013 then there is an opportunity, with the agreement of Revenue, to declare a new valuation at a very low level and consequently the LPT liability will be significantly reduced if not eliminated completely.

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