Finian McGrath (Dublin North Central, Independent)
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96. To ask the Minister for Finance if there are any exemptions from the local property tax for persons who suffered severe flood damage over the years; and if the Revenue Commissioners will examine this matter. [23409/13]

Michael Noonan (Limerick City, Fine Gael)
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There are no specific exemptions from LPT for householders who suffered flood damage. However, LPT is a self-assessed tax so 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. Issues such as a potential liability to flooding would be one of the factors that a property owner would take into account in valuing their property. Where a property owner makes a valuation in an honest and reasonable manner, that valuation will not be challenged by Revenue in accordance with its normal Customer Service Charter.