Rates and reductions in 2026
Tax relief is available for some
The property value bands shown right are those applicable for wealth tax in 2026 and have stayed unchanged for several years.
Note that while the threshold for paying wealth tax is €1.3million in property assets (after a 30% allowance for a main home) tax starts to be due only from €800,000.
The 2026 wealth tax rates
| Property wealth | Tax rate | Maximum payable |
| €0–€800,000 | 0% | €0 |
| €800,001–€1,300,000 | 0.5% | €2,500 |
| €1,300,001–€2,570,000 | 0.7% | €8,890 |
| €2,570,001–€5,000,000 | 1.00% | €24,300 |
| €5,000,001–€10,000,000 | 1.25% | €62,500 |
| Above €10m | 1.5% | No maximum |
Décote reductions
There is a system to reduce the amount of wealth tax due for those whose wealth is only just over the €1.3million threshold.
It is called the décote and applies to people with property wealth of between €1.3million and €1.4million.
The available relief is worked out as follows: €17,500 minus (1.25% of net taxable wealth).
The minimum wealth tax for someone with €1,300,001 is €1,250 prior to any reductions for investments in good causes etc.
Examples of wealth tax calculations
Taxable wealth of €1.6million, including a main home worth €900,000. Reduced to €1,330,000 net taxable wealth due to 30% reduction on main home. Only the part above €800,000 is taxed.
€500,000 is taxed at 0.5% (= €2,500); €30,000 is taxed at 0.7% (= €210)
€2,500 + €210 = €2,710
Décote reduction calculation: €17,500 minus (1.25% x €1,330,000) = €875
Tax actually payable is €2,710 minus €875 = €1,835
Taxable wealth of €5million, including a main home worth €3 million.
Net taxable wealth of €4,100,000 due to 30% reduction on main home. Only the part above €800,000 is taxed.
€500,000 taxed at 0.5% (= €2,500) + €1,270,000 taxed at 0.7% (= €8,890)
+ €1,530,000 taxed at 1% (= €15,300) = €26,690 (no décote available to lower this)