(1) This section shall apply to a relevant site where no person has registered as the owner in respect of the site under section 653S and an amount of residential zoned land tax and interest has been charged on the land to which the tax relates under section 653Q(4).
(2) Where -
(a) this section applies to a relevant site, and
(b) the amount of residential zoned land tax and interest charged on the land under section 653Q(4) exceeds an amount, calculated as 110 per cent of the market value of
the relevant site on a valuation date, the Revenue Commissioners may publish a notice in Iris Oifigiúil in accordance with subsection (3).
(3) The notice referred to in subsection (2) shall state -
(a) that the issue of the notice is the first step in a process that may result in the relevant site concerned becoming the property of the State,
(b) the address of the relevant site,
(c) the unique identifier, or identifiers, allocated to the relevant site under the Registration of Title Act 1964, if
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