Thursday, 7 November 2013
Department of Finance
Property Taxation Assessments
64. To ask the Minister for Finance if a person, who is liable for the local property tax and has had difficult health circumstances, and in error, accepted the valuation proffered by the Revenue Commissioners initially in relation to their property, and paid same for 2013 and whereby the said valuation is way in excess and notwithstanding the opportunity for self-assessment was not availed of, due to the particular health circumstances where a person had adverse health difficulties if same will now be reviewed by way of a professional valuation and accepted; and if he will make a statement on the matter. [47424/13]
The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered and how a residential property is to be valued for Local Property Tax (LPT) purposes. As I informed the House, most recently in my reply to Question [47040/13] on 5 November 2013, Local Property Tax (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 as at 1 May 2013.
I also informed the House that the Revenue Commissioners had confirmed to me that if a liable person had genuinely overpaid the tax through an error or mistake, then the person should write to LPT Branch, Government Buildings, Ennis, Co Clare, clearly setting out fully the circumstances in which the overpayment arose and providing the relevant supporting documentation. Evidence could be in the form of recent sales or advertised house prices in the area, professional valuations or house price surveys for the area.
I am further advised by the Commissioners that once the relevant documentation is received LPT Branch will make direct contact with the person. Should it transpire that the person did in fact overpay the 2013 liability then it will be possible to offset some or all of the overpayment to the 2014 liability, or to make a repayment.