Home owners will have to self-assess for new property tax

It's reported today that householders will be able to self-assess the value of their home for the property tax.

According to the Irish Independent, people will put their property into a value bracket, using a checklist provided by the Revenue Commissioners - and those who undervalue it will face penalties.

A major publicity campaign is being planned for next March, with the tax due to come into force in July.

The paper's Political Editor, Fionnan Sheahan, says Revenue will be building a picture of property values around the country: