VARIATION OF LOCAL PROPERTY TAX Notice of consideration of setting a local adjustment factor (Increase/decrease or leaving unaltered Local Property Tax rate)

Overview

Consultation overview

The Finance (Local Property Tax) Act 2012 (as amended), makes specific provision that elected members of a local authority may pass a formal resolution each year to vary the basic rate of the Local Property Tax for their administrative area by a percentage known as the local adjustment factor.

This means that Dún Laoghaire-Rathdown County Council can increase or decrease the basic rate of Local Property Tax in their area by a maximum of +/-15% or leave it unaltered.

The charge period for local property tax runs from the 1^st of November to 31^st of October each year. A decision to vary the basic rate of LPT applies to the next charge period and is effective for that one-year period only, after which the rate reverts back to the original basic rate on the 1^st November, unless a further decision on a local variation is made prior to that date by the Elected Members.

 Proposed changes to operation of LPT 2022

 On 1 June 2021, the Cabinet agreed to bring forward legislation that will propose changes to how LPT currently operates. Further information can be found on the Revenue website:
https://www.revenue.ie/en/property/local-property-tax/lpt-revaluation-2021/index.aspx
 

Why your views matter

Why we are consulting

The Council will meet on 30 August 2021 to consider the setting of a local adjustment factor for the year 2022 (charge period 01/11/2021 to 31/10/2022). Members must decide at that meeting whether or not to apply a variation to the basic rate.

The options available to the elected members for 2022 are (1) Decrease the rate between 1-15% below the basic rate, (2) Increase the rate between 1-15% above the basic rate (3) leave the basic rate unaltered.

The Council welcomes submissions from the public on this matter.