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Designing A Property Tax Without Property Values: Analysis In The Case Of Ireland

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Executive Summary

The authors examine the implications of using hedonic regressions of house values as the basis for property tax assessment in the Republic of Ireland. Ad valorem property taxes are more equitable than flat rate taxes, but their equity benefits can be reduced if the relative values of dwellings are inaccurately assessed. Achieving greater accuracy in assessment tends to increase administrative costs, so policymakers face a trade-off between cost and accuracy. Using the Irish National Survey of Housing Quality of 2002, this paper analyses the contribution that information about selected property characteristics can make to determine the relative values of residential properties in Ireland.

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