To some extent provision already exists for budgeting at local authority level via the local property tax, LPT, which facilitates a responsiveness of taxation policy to a geographically specific context, that is, each local authority area. While local authorities set the LPT rate, the tax is collected by the Revenue Commissioners. However, one of the concerns about the vacant site tax has been about the tax not going back to the local area where it was collected.

It is to be set at just three times the local property tax rate, which means the tax will amount to only 0.3% of the property value. Accordingly, VHT would be applied to properties that are residential properties for the purposes of local property tax, that is properties that are suitable for use as a dwelling.

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