J
LPT is a self assessed tax. It is based on the market value of your property. Market value is defined as the amount something can be sold on a given market. If Revenue send you out a valuation of what they think the market value is of a property in your area why would you pay more than this estimate?
I am of the opinion that it should be related to one's income.
Sinn Fein say they will abolish it .
Also, please note that taxes in Irl are lower than average, compared to most countries.
We pay enough bloody taxes on everything else that should make up for it.
Most continental states, UK.
Not the USA, taxes are lower there.
See the diagram below of total tax revenue as a % of GDP, 2013 and 2014.
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