Yesterday’s Irish Examiner carried an article on “What the property tax could mean for your pocket“. Below are the details for Millstreet. It is expected to be introduced next July at a rate of 0.25% of the house value (though the IMF are putting pressure on for it to be set at 0.5%, which would mean that the tax outlined would be doubled)
Millstreet
Average asking price in Q2 2012 was €110,758 => €277 tax
Peak prices in 2007 was €262,289
Prices have fallen by an average of -€57.8%
Average price for a two-bed property was €69,843 => €175 tax
Three-bed property was €98,420 => €246 tax
Four-bed property was €166,875 => €417 tax
