My solicitor has just sent me a request to pay them so that they can calculate this payment for the current fiscal year. However, I would much prefer to save paying my solicitor this fee for what appears to be a 5-minute task and calculate this myself.
From the information that Mark published on here a few months ago, my understanding of the method of IRNR calculation is as follows:
Cadastral value x 1.1% (as property built in 2008) x 24%
I have the Cadastral value from this year’s IBI – €39.703,08 – resulting in a calculated payment of €104,82.
Seems straightforward, however, when I look at the amount I paid last year based upon my solicitor’s calculations, this doesn’t seem to equate. Working backwards from their figure for last year of €78,46 would mean that the Cadastral value was €29.719,90 – giving a 33% increase in the Cadastral value this year!
Am I being a numpty and doing something wrong in my calculation?