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Well, the property tax that I pay on the house that I own in Dublin is decidedly not "a rounding error away from zero". It has also recently increased, in line with the increased value of properties in the locality.

Regarding your second assertion, the construction of local amenities is in fact often paid for by the property tax. And in any case, what has actually driven the strong increase in the prices of houses nationwide is their relative scarcity now that the population has swelled so dramatically.



A €700,000 home has annual LPT around €618, depending on the council. https://www.revenue.ie/en/property/local-property-tax/valuin...

To me, a tax of under 0.1% is pretty close to 0. If only ETF's enjoyed the same treatment, it might be easier to save up for a deposit!

We agree that scarcity is what makes houses more expensive.

Edit: I can't reply to below but ETF's suffer from deemed disposal, where even unrealized gains are taxed at 41% after holding them for 8 years. https://irishfinancial.ie/how-you-calculate-deemed-disposal/


> If only ETF's enjoyed the same treatment

Isn't the annual property/wealth tax on an ETF €0?


(For some reason I thought I couldn't reply)

ETF's suffer from deemed disposal, where even unrealized gains are taxed at 41% after holding them for 8 years. https://irishfinancial.ie/how-you-calculate-deemed-disposal/

Weirdly, individual stocks are not affected by this, which encourages riskier behaviour on the part of investors. I really don't understand it.




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