Dublin council votes to cut Local Property Tax by 15 pc
Published 15/07/2014 | 21:25
Dún Laoghaire-Rathdown County Council has voted to cut the Local Property Tax by 15 per cent
Councillors voted on a motion put forward by Fine Gael and Labour this afternoon.
Local Authorities can vary the LPT from 2015. The money is used to provide parks, libraries, fire and emergency services, roads maintenance and other essential services.
Fingal County Council has already committed to a cut of 15pc.
The country’s largest local authority has sought submissions on whether the property tax should be reduced by up to 15pc.
Dublin City Council expects to collect €80m a year in the tax, which means that a drop of 15pc would result in €12m having to be found in existing budgets to provide essential services.
The local authority is obliged to ask the public for their views before any hike or reduction is passed.
It said that all submissions should inform a report from chief executive Owen Keegan, which would be presented to councillors on September 22 before a decision is made.
“Should the members decide to vary the rate Dublin City Council must inform the Department of the Environment, Community and Local Government and the Office of The Revenue Commissioners by September 30,” it said. “Any variation which may be made would apply from January 1, 2015.”
Some 80pc of the property tax take is held by the council in which it is collected. The remaining 20pc is retained by the Department of the Environment and redistributed to other local authorities.
Submissions can be made through www.dublincity.ie or by returning a form to the council offices.