Irish rural homeowners are most likely to feel the burden of raising property taxes as part of a government-approved reform system.

About 25,000 homeowners who currently own property ranging from 180,000 to 270,000 euros will see that their accounts have jumped by 135 euros. Most people who face a sharp increase in tax are living in rural Ireland, not in Dublin, where property prices have risen since the recession.

Finance Minister Paschal Donohoe said he has not yet approved any numbers and instead wants an inter-party consensus on tax changes. After more than a year of work, the interagency group has provided the Minister with five options for changing the local property tax (LPT).

Homeowners are currently paying an amount based on the value of their property in 2013, although domestic prices have risen 80% since then. The report of the interagency group calls for a revaluation of real estate in November this year.

Nevertheless, Minister Donohoe is not ready to make changes until the end of 2020, which means that the tax increase will not take effect until 2021, which is significantly higher than the expected date of the next general election.

An option approved by the finance minister will allow 82% of homeowners to avoid any tax increase. Many of those who avoid tax increases will be outside Dublin, but those who suffer the most are residents of rural Ireland. In about 2% of the cheapest houses across the country, bills will grow from 90 to 225 euros.