Everyone in the band will pay at the midpoint and so will face the same cash bill. As is the case now, the picture changes for more expensive homes, valued at over €1.05 million . So, for example, a €1.75 million house will face a bill of €2,830. The tax will in future apply to houses bought by first-time buyers in 2013 and all new homes bought in the meantime. Local authorise will retain the power the increase or cut the tax each year by up to 15 per cent.

Source: The Irish Times June 01, 2021 18:28 UTC