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Appealing Property Tax Valuation

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  • 25-03-2013 8:03pm
    #1
    Lisha
    Registered Users Posts: 8,693 ✭✭✭


    Hi

    I received letter from revenue stating that our house is valued in the 150,000-200,000 bracket. Which means we owe 157euro for half year and 325 for full year.

    I do not believe our house is worth in excess of 150,000.

    Our house is a 3bed 2bathroom bungalow built 4yrs ago in a rural location with no access to mains water.

    A house across from house sold for approx 80k last yr (bank sale) (4bed dormer)

    I would have (grudgingly) accepted our house being valued in the 100,000-150,000 bracket .

    So fellow boardsies,
    A. Is there any point appealing this valuation?
    B. how do I go about appealing ?


Comments

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    #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    You don't have to appeal against Revenue's valuation- its an estimate. Put the lower valuation on the form and return it.


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    #3
    Redshift
    Closed Accounts Posts: 2,486 ✭✭✭Redshift


    It’s a self-assessed tax so you pay tax at the rate you thinks it's worth.
    Check on the http://www.propertypriceregister.ie
    for comparable houses in your area and then print or save a screen shot.
    Mine was also over valued but I found on the above site four similar properties in our estate were sold in 2012/3 so I added them together and divided by four which gives a median value for the house/area
    In my case it was bang in the middle of the band beneath that which revenue indicated.
    So I will be paying one band lower than their estimate and I have evidence to back my valuation.


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    #4
    Cathmandooo
    Registered Users Posts: 17,324 ✭✭✭✭Cathmandooo


    It's self assessed, find properties in your area that have sold and are similar to yours. Pay according to those prices


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    #5
    RATM
    Closed Accounts Posts: 3,591 ✭✭✭RATM


    Only caveat is to make sure that the house that sold for €80k was a regular sale.

    If the house was, for example, fire damaged and sold for €80k as a result then Revenue would have a case against you down the line.

    But if you're comparing like for like then go for it. Print and keep screenshots of the €80k house on the property price register as your evidence and you'll be fine.


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    #6
    Lisha
    Registered Users Posts: 8,693 ✭✭✭Lisha


    House was sold as a liveable house and they moved in as such
    So now I ll search property price register.

    Thanks for all the help every one


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    #7
    mathepac
    Banned (with Prison Access) Posts: 4,991 ✭✭✭mathepac


    Here's a thread on www.askaboutmoney.com designed to help with realistic and fair market values. http://www.askaboutmoney.com/showthread.php?t=177785

    Altogether a collection of better designed sites with better user-interfaces and bigger data-sets than that stupid Property Price Register. One wonders what the new quango on the block spent to get a bad job done badly. not that they care mind you, because the money comes from our pockets.


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    #8
    Nickindublin
    Registered Users Posts: 633 ✭✭✭Nickindublin


    Anyway I got my letter in. Revenue have placed my apt in the 200-250k and looked for 202 euro for half year. I have a one bed ground floor in a complex with just 1,2 and 3bed apt.1 bed Apt been sold ATM for between 80k and 90k according to the property price register. So I think I should be paying 45 euro to revenue not 202. So I think they will be getting 1.80 per week off me for 6 months...


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