Can Local Property Tax be sidelined for much longer?
Politicians of all kinds decry the residential tax, but we simply can't ignore its importance, writes Ronan Lyons
There can be no free lunch when it comes to Local Property Tax (LPT).
Property tax has - after something of a hiatus of a couple of years - suddenly become a political hot potato. Since the end of summer, a string of politicians have been on the airwaves and in newspapers saying they will protect homeowners from higher LPT bills.
There has long been a split between civil servants - who want to protect their sources of revenue - and politicians, who would happily promise both higher spending and lower taxation if they could square the numbers.