I have received a few queries regarding the upcoming household charge recently from some of those who are concerned about how this will affect them in the future. With this in mind, find below some FAQs on the household charge.
Why is the household charge being introduced?
Due to the EU/IMF agreement that was signed by the previous government, Ireland is committed to the introduction of a property tax. The household charge is an interim measure that will run for 2 years and is a measure to tackle our current deficit of €18 billion
How much will it cost?
The household charge will be €100 for the year and this will be introduced in January 2012
What will it be used for?
This charge will raise approximately €160 million in 2012 and will fund local services such as fire and emergency services, street cleaning, lighting, etc.
Who is exempt?
Those who are receiving mortgage interest supplement, living in social housing or certain unfinished 'ghost estates' will not have to pay the household charge - nor will commercial property and premises owned by a charity have to pay this charge.
When will the property tax be introduced and how much will that cost?
After the 2 years of the household charge is complete, property tax will be introduced. This will take into account the value of the property and the income of the household. More details will be available on this in due course. However, I am committed to ensuring that low income households are protected and treated as fairly as possible in this regard.
I hope this gives you a better understanding of the household charge. If you have any further queries or concerns on this matter, please do not hesitate to contact me on 01 6183280 or email john.lyons@oir.ie
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