Property tax – a blow to those in arrears

By Business Editor David Murphy @davidmurphyRTE Make no mistake. This property tax is tough. And the timing, at the nadir of an economic cycle, makes it even harder. While people on social welfare will be able – mostly – to defer the tax, let’s consider exactly what that means. It does not mean they won’t have to pay – instead it means the tax will accumulate on the home, with interest added at 4% per annum.