Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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97. To ask the Minister for Finance the full cost in 2017 of abolishing the local property tax. [28024/16]

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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98. To ask the Minister for Finance the projected yield in 2017 of introducing a second home tax of €600 per property for those who own two properties on their second property and €1,000 per year on each property for those who own three or more properties, assuming the second property is paid at the €600 rate. [28025/16]

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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99. To ask the Minister for Finance the projected yield in 2017 of introducing a mansion tax on every home worth more than €1 million at the rate of €2,000 per property. [28026/16]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 97 to 99, inclusive, together.

In relation to Question No. 97, 28024/16, I am advised by Revenue that the Local Property Tax (LPT) is forecast to collect €440 million in 2017.

In relation to Question No. 98, 28025/16, I am further advised by Revenue that the estimated additional yield from introducing an additional charge of €600 per property on second properties for those who own two properties and €1,000 per property for those who own three or more properties would be in the region of €454 million per annum. This estimate assumes that LPT is paid at the current rate on each property in addition to the proposed charges.

Regarding Question No. 99, 28026/16, I am advised that introducing a charge on every property worth more than €1 million at the rate of €2,000 per property would yield in the region of €7.5 million per annum.