independent

Monday 22 September 2014

Property tax relief

Published 26/07/2014 | 12:00

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HARD-PRESSSED Fingal householders look set to save an average of €60 per year on their property tax charges after councillors signalled their intent to reduce the charges.

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HARD-PRESSSED Fingal householders look set to save an average of €60 per year on their property tax charges after councillors signalled their intent to reduce the charges.

With an average three-bed semi-detached property in the region now costing somewhere around the €230,000 mark, householders can expect to save €60, while those living in more expensive houses can look forward to saving up to €100 per a year.

Current estimates suggest the tax is worth just shy of €37.4 million to Fingal in 2014, 80% of which is promised to return to the county. A full 15% reduction in the rate would therefore cost the council in the region of €5.6 million.

However, the vote is nothing more at this stage than a statement of intent from the councillors who must go through the whole process again in September and cast the same vote, before the 15% reduction can come into force for next year's tax.

The council's chief executive, Paul Reid, explained that a process had been laid out for the decision-making process that ends on September 30, by when the council must have decided whether or not to vary the rate of the tax and by how much.

Before that decision is made, councillors are obliged to take into account, the views of the public in a public consultation process that has not taken place yet and also a range of financial information that is currently unknown to the councillors.

In that context, he said a decision on varying the tax at this stage was 'premature' and he advised strongly against it.

However, councillors pressed ahead and voted to reduce the tax by 15%.

 

Fingal Independent

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