Local Property Tax Act 2012 (Number 52 of 2012)
[5]>
17 Amount of local property tax.
(1) Subject to subsections (3) and (4), the amount of local property tax to be charged in respect of a relevant residential property shall be the amount represented by A in the formula—
A = B × C
where—
B is the mid-point, specified in column (2) of the Table to this section, of the valuation band specified in column (1) of that Table, and
C is the rate of 0.18 per cent.
(2) For the purposes of the formula in subsection (1), the valuation band to be used in respect of a relevant residential property is the band specified in column (1) of the Table to this section into which the chargeable value [1]>(rounded down to the nearest euro)<[1] of the property falls.
(3) Where the chargeable value of a relevant residential property exceeds €1,000,000—
(a) the amount of local property tax to be charged in respect of the property shall be determined as if “B” in the formula in subsection (1) were the chargeable value of the property, and
(b) the rate of local property tax represented by “C” in the formula in subsection (1) shall be—
(i) 0.18 per cent in respect of that part of the chargeable value of the property that does not exceed €1,000,000, and
(ii) 0.25 per cent in respect of that part of the chargeable value of the property that exceeds €1,000,000.
(4) The amount of local property tax to be charged for 2013 and determined in accordance with subsection (1) or (3), as the case may be, shall be an amount which is reduced by 50 per cent.
[2]>
(5) The amounts specified in the Table to this section are amounts in euro.
<[2]
[4]>
(6) Where—
(a) a local authority, or
(b) as the case may be, a body standing approved for the purposes of section 6 of the Housing (Miscellaneous Provisions) Act 1992,
is a liable person in relation to a relevant residential property, the chargeable value of the property shall be deemed to fall into the first valuation band in column (1) of the Table to this section in relation to the valuation date 1 May 2013.
<[4]
TABLE
Valuation band |
Mid-point of valuation band |
(1) |
(2) |
0 to 100,000 |
50,000 |
100,001 to 150,000 |
125,000 |
150,001 to 200,000 |
175,000 |
200,001 to 250,000 |
225,000 |
250,001 to 300,000 |
275,000 |
300,001 to 350,000 |
325,000 |
350,001 to 400,000 |
375,000 |
400,001 to 450,000 |
425,000 |
475,000 |
|
500,001 to 550,000 |
525,000 |
550,001 to 600,000 |
575,000 |
600,001 to 650,000 |
625,000 |
650,001 to 700,000 |
675,000 |
700,001 to 750,000 |
725,000 |
750,001 to 800,000 |
775,000 |
800,001 to 850,000 |
825,000 |
850,001 to 900,000 |
875,000 |
900,001 to 950,000 |
925,000 |
950,001 to 1,000,000 |
975,000 |
<[5]
[5]>
17.
(1) In this section, a reference to the number of the band into which a relevant residential property falls is a reference to the number specified in column (1) of the Table to this section opposite the valuation band specified in column (2) of that Table into which the chargeable value (rounded down to the nearest euro) of the property falls.
(2) Where a relevant residential property falls into band 1, the amount of the local property tax to be charged in respect of the chargeable value of that property shall be €90.
(3) Where a relevant residential property falls into band 2, the amount of the local property tax to be charged in respect of the chargeable value of that property shall be €225.
(4) Where a relevant residential property falls into any of the bands 3 to 11, the amount of the local property tax to be charged in respect of the chargeable value of that property shall be the amount represented by A in the formula—
A=B*C
where
B is the mid-point, specified in column (3) of the Table to this section opposite the valuation band specified in column (2) of that Table into which the chargeable value (rounded down to the nearest euro) of the property falls, and
C is 0.001029.
(5) Where a relevant residential property falls into any of the bands 12 to 19, the amount of the local property tax to be charged in respect of the chargeable value of that property shall be the amount represented by A in the formula—
A=(B*C)+[(D-B)*E]
where
B is €1,050,000,
C is 0.001029,
D is the mid-point, specified in column (3) of the Table to this section opposite the valuation band specified in column (2) of that Table into which the chargeable value (rounded down to the nearest euro) of the property falls, and
E is 0.0025.
(6) Where the chargeable value of a relevant residential property exceeds €1,750,000, the amount of the local property tax to be charged in respect of the chargeable value of that property shall be the amount represented by A in the formula—
A=(B*C)+[(D-B)*E]+(F*G)
where
B is €1,050,000,
C is 0.001029,
D is €1,750,000,
E is 0.0025,
F is that part of the chargeable value of the property that exceeds €1,750,000, and
G is 0.003.
(7) The amounts specified in columns (2) and (3) of the Table to this section are amounts in euro.
(8) Where—
(a) a local authority, or
(b) an approved housing body,
is a liable person in relation to a relevant residential property, the property shall be deemed to fall into band 1.
TABLE
Band number |
Valuation band |
Mid-point of valuation band |
(1) |
(2) |
(3) |
1 |
1-200,000 |
- |
2 |
200,001-262,500 |
- |
3 |
262,501-350,000 |
306,250 |
4 |
350,001-437,500 |
393,750 |
5 |
437,501-525,000 |
481,250 |
6 |
525,001-612,500 |
568,750 |
7 |
612,501-700,000 |
656,250 |
8 |
700,001-787,500 |
743,750 |
9 |
787,501-875,000 |
831,250 |
10 |
875,001-962,500 |
918,750 |
11 |
962,501-1,050,000 |
1,006,250 |
12 |
1,050,001-1,137,500 |
1,093,750 |
13 |
1,137,501-1,225,000 |
1,181,250 |
14 |
1,225,001-1,312,500 |
1,268,750 |
15 |
1,312,501-1,400,000 |
1,356,250 |
16 |
1,400,001-1,487,500 |
1,443,750 |
17 |
1,487,501-1,575,000 |
1,531,250 |
18 |
1,575,001-1,662,500 |
1,618,750 |
19 |
1,662,501-1,750,000 |
1,706,250 |
<[5]