The debates on proposed RPT on principal seem to suggest that a rate of 1% of property value would be typical of what could be expected.
For a house valued at 500k, this would represent an annual tax of €5,000. This would be a huge amount of amount of money to find every year but there's also the question of how it's collected.
For countries that have a form of RPT, does anyone know whether it's normal for this tax to be sought by way of a single lump sum or whether it can be offset against your tax credits i.e. whether it can be spread over one's annual PAYE tax deductions.
Any insights/observations appreciated.
For a house valued at 500k, this would represent an annual tax of €5,000. This would be a huge amount of amount of money to find every year but there's also the question of how it's collected.
For countries that have a form of RPT, does anyone know whether it's normal for this tax to be sought by way of a single lump sum or whether it can be offset against your tax credits i.e. whether it can be spread over one's annual PAYE tax deductions.
Any insights/observations appreciated.