116 Deputy Brendan Ryan asked the Minister for the Environment, Community and Local Government with regards to a property site valuation tax due to be implemented next year, if there are any rates yet being proposed; and if he will make a statement on the matter. [23286/12]

An independently chaired Inter-Departmental expert Group has been established to consider the structures and modalities for an equitable valuation based property tax. The Group will complete its work and make recommendations to me shortly. Following consideration of the Group's recommendations, I will bring proposals to Government on the full property tax as soon as possible. It will then be a matter for the Government to decide on the structure and modalities of the full property tax.