Written answers
Tuesday, 22 November 2022
Department of Finance
Tax Code
Catherine Murphy (Kildare North, Social Democrats)
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247. To ask the Minister for Finance the estimated full-year revenue that would be generated if the local property tax rate increased to 0.50% for properties valued at over €1.05 million and 1% for properties valued in excess of €1.4 million. [58028/22]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the estimated additional full-year revenue that would be generated if the local property tax rate increased to 0.50% for properties valued at over €1.05m and 1% for properties valued in excess of €1.4m would be in the region of €45 million.
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