I loved the way Senator Darragh O'Brien told the House this morning that one would swear the Revenue Commissioners were valuation people. The truth of the matter is that we have plenty of time to deal with this issue. As the Senator knows, the Revenue Commissioners will issue an information booklet to every house in March of this year. While it will include an indicative guide, nothing will be set in stone. Of course it will be open to house owners to disagree with the guide. I am sure they will do so in many cases.

What will happen when they do so?

One will be able to place one's own value on one's house. The house owner will know the value of his or her own property better than anyone else. There are very competent valuation people in estate agencies in every town in the country.

One can call Sherry Fitzgerald Coghlan.

Nobody will make a mistake in this regard.

It is not an exact science.

With respect, we have plenty of time to deal with this issue after March.

No, we do not.

We do.

Why did the Minister not mention it?

The value of a house is its price on the day of the auction - nothing else.

I am sure the Leader will have plenty of time to deal with this after March. We should await the booklet that will be published then.