Éamon Ó Cuív (Galway West, Fianna Fail)
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To ask the Minister for Finance if there will be a reduced property tax for persons living on off-shore islands in view of the higher cost of living on the Islands; and if he will make a statement on the matter. [9707/13]

Michael Noonan (Limerick City, Fine Gael)
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The Finance (Local Property Tax) Act 2012 sets out in detail how the tax is to be administered and provides how a residential property is to be valued for Local Property Tax (LPT) purposes. While there is no provision for reducing the LPT charge in the circumstances outlined by the Deputy, I am advised by the Revenue Commissioners that LPT is a self-assessment tax so in the first instance it is a matter for the property owner to calculate the tax due based on his or her assessment of the market value of the property. The Revenue Commissioners are preparing valuation guidance which, together with a liable person’s own knowledge of their property, will assist them in choosing the correct value band for their property. When using Revenue’s valuation guidelines, the property owner should consider the specifics of his or her own property and whether location would have a material impact on its value.