More than €27 million could be raised by the four Dublin local authorities in 2020 through vacant site levies on land that could be used for housing, according to an analysis by the Department of Housing. Vacant sites worth more than €400 million have been identified at 114 locations across Dublin city and county, the vast majority of which, almost 90, are in the Dublin city area. Since January, local authorities have had the power to impose a levy on property owners who fail to develop prime housing land. The levy, set at 3 per cent of the value of the land for this year and 7 per cent for subsequent years, must be paid from 2019.
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