Seán Haughey (Dublin Bay North, Fianna Fail)
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251. To ask the Minister for Finance the estimated additional revenue that would be generated if the local property tax rate of 0.25% was increased to 0.40% for houses valued at over €1 million; and if he will make a statement on the matter. [25665/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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For properties valued over €1 million, Local Property Tax (LPT) is assessed at 0.18% on the first €1 million and 0.25% on the portion valued above €1 million. I am informed by Revenue that such properties yielded approximately €10 million in LPT receipts in 2017.

I am further advised by Revenue that the LPT yield, from increasing the current 0.25% rate on the excess over €1 million to 0.4%, is estimated at approximately €2 million.