Tanaiste Says Property Tax 'Will Be Affordable'

Tanaiste Eamon Gilmore has said today that the looming property tax will be "affordable" for families.

It came after Finance Minister Michael Noonan rejected a recommendation from the IMF to set the property tax at 0.5pc of the market value of a house.

At the start of the Labour party's two day "think in" in Maynooth, Mr Gilmore said the tax would be affordable. And he emphasised that the government would make its decision "independently".

"We've committed ourselves to the introduction of a property tax, which will replace the household charge. We have yet to decide how that property tax will be based or constructed," he said.


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