100,000 households will be hit with property tax bills for the first time.
Homes built since 2013 have been exempt to date, but the government says the charge will apply to them from November with the first bills arriving early next year.
As well as that, around one in three homeowners will be hit with new rates to pay, as there will be a revaluation on the amount of tax due in November.
It's expected that for those people whose bill will increase - it could go up as much as 100 euro a year.
The Irish Mortgage Holders Organisation has hit out at the decision saying that it's unfair with people struggling financially after the pandemic.
Sinn Fein's housing spokesperson Eoin O'Broin has called the charge not progressive and is calling for it to be scrapped.
While People Before Profit don't want this plan to be brought forward and instead think high earners - particularly those during the pandemic should pay more.