Brendan Griffin (Kerry, Fine Gael)
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78. To ask the Minister for Finance the length of time local property tax exemptions will remain for unfinished estates; and if he will make a statement on the matter. [33884/16]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that residential properties that are included in a list of unfinished housing estates prescribed in 2013 by the then Minister for the Environment, Community and Local Government are currently exempt from the payment of local property tax (LPT).

As with any other LPT exempt property, a property in an unfinished estate that was exempt on the first valuation date of 1 May 2013 will not become chargeable until the next valuation date i.e. 1 November 2019. The exemption is retained even where a property, or the estate in which it is situated, is completed to a local authority's satisfaction and used for residential purposes prior to that date.

The originally projected valuation date of 1 November 2016 was deferred to 1 November 2019 by the Finance (Local Property Tax) (Amendment) Act 2015.