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IPTI Annual Corporate Property Tax Workshop
Role of Municipalities in the Property Assessment World
Application of the Discounted Cash Flow Method in the Assessment Valuations
I want to draw your attention this month to an article titled “What is the future of Ireland’s property tax?” To be more specific, the article considers what in Ireland is called the “Local Property Tax” which is the tax paid in respect of residential properties. This is a self-assessed property tax based on banded capital values.
The author states: “Property tax is probably one of the most universally disliked taxes in the country. It’s not hard to see why. Some 66% of people own their own home. They obviously don’t want to pay more than they have to in order to maintain it. So that’s two-thirds of the population against it straight away. But it’s also one of the few taxes which has minimal popular support politically.
