Tax Yield

Dáil Éireann Debate, Tuesday - 13 June 2023

Tuesday, 13 June 2023

Questions (369)

Kathleen Funchion

Question:

369. Deputy Kathleen Funchion asked the Minister for Finance the estimated yield if the top four local property tax rates all increased by 30% based on 2022 figures. [27621/23]

Written answers

Minister for Finance

It is assumed that the Deputy is referring to increasing the rate of Local Property Tax (LPT) by 30% for all properties valued above €1,487,500, i.e., the 30% increase applies in the four highest categories of property subject to LPT.

I am advised by Revenue that the estimated yield from the proposal in question would be in the region of €8 million.