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

Closed 15 Aug 2017

Opened 21 Jun 2017

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 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 the Local Property Tax within the County by a maximum of +/-15% or leave it unaltered.

The charge period for local property tax runs from the 1st of November to 31st 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 1st November unless a further decision on a local variation is made prior to that date by the Elected Members.

 

Why We Are Consulting

The Council will meet in September 2017 to consider the setting of a local adjustment factor for the year 2018 (charge period 1/11/2017 to 31/10/2018). Members must decide whether to retain the variation agreed in 2016, agree an alternative variation or apply no variation.

The options available to the elected members for 2018 are (1) Retain the existing level of reduction of -15%. (2) Increase the rate between 1-15% towards the basic rate of 0.18% of the value of the property. (3) Increase the rate between 1-15% above the basic rate of 0.18% of the value of the property.

The Council welcomes submissions from the public on this matter specifically covering the potential effects of retaining the existing variation, or applying an alternative or no variation, on businesses, individuals and on local authority services.

Areas

  • All Areas

Audiences

  • Property Owners

Interests

  • Council Finances