According to the Irish Independent, the payment will range between €200 and 400 for most people, depending on the value of their property.
Michael Noonan will be finalising details of the property tax in the coming days, but according to the Irish Independent, much of the system has now been signed off by the cabinet.
As expected, it will rely on the assessment of the individual homeowner who will fit their property into bands divided into €50,000 amounts.
The actual rate of tax hasn't been finalised - according to the paper it could be either 0.2% or 0.25%.
Applying those rates to the current national average house price of just under €157,500, would leave householders facing an annual charge of around €315.
However it was revealed in recent months that we'll only have to pay half the yearly amount next year, so the full tax won't kick in until 2014.
Aedin Donnelly reports:
