Minister for the Environment Phil Hogan has revealed some of the details of the property tax, which will replace the controversial €100 household charge coming into force in January in the coming years.
Despite the controversy over the implementation of the current charge, which up to 18 TDs are refusing to pay, plans are already in place for the permanent property tax, which will be introduced
Minister Hogan has said that the amount a householder will pay will depend on a number of factors including: the value of the property, household income, regional differences between property values and the payment of stamp duty by first-time buyers during the property boom.
Waivers will also apply for council tenants and those getting state help to pay their mortgage.
The Irish Independent reports that a group of experts are working out a formula for how the property tax will be applied.
Mr Hogan said he could not begin to put a price on the tax until the experts have completed their work next summer.
However, there has already been speculation the average homeowner will end up paying between €200 and €250 a year, with owners of mansions paying about €600 a year.
The Government has warned that failing to pay the tax will result in penalties and could end up in a court appearance and fine of €2,500.
Mr Hogan said the new €100 will also catch out anyone dodging the €200 second-home tax because it will mean every house in the country will have to be registered.
Anybody who registers more than one will have to pay €100 for their home and then €300 for any subsequent property.
He indicated if a second property owner failed to pay the non-principal private residence tax since it was brought in three years ago, they would also be hit with back payments.