Finance: VARIATION OF LOCAL PROPERTY TAX - Notice of consideration of setting a local adjustment factor

Overview

The Council provides a broad range of services to residents, businesses and visitors to the County. These services are funded from income from Commercial Rates, grants, Local Property Tax (LPT) and other income generated locally such as parking, housing rents, planning fees etc

Services such as parks, maintenance of cycle ways, roads and footpaths, beaches, street lighting, housing, libraries, environmental and economic development are funded from LPT Income. In addition, a proportion of the cost of providing social housing is also funded from LPT income.

LPT charges for 2025 will be based on the valuation of properties on 1^st November 2021, as notified to Revenue.

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

In 2024 the LPT basic rate was reduced by the maximum 15% permitted resulting in a reduction of €9m of LPT income available to the Council to fund services. If the basic rate of LPT is reduced for 2025 a similar loss of income available to fund services will result.

Why your views matter

The Council will meet on 14th October 2024 to decide whether to vary the basic rate of LPT for 2025.

The options available to the elected members are

1. Decrease the rate between 1-15% below the basic rate or
2. Increase the rate between 1-15% above the basic rate or
3. Leave the basic rate unaltered.

The Council welcomes submissions from the public on this matter:

1. On this portal by clicking on the link below or,
2. By post to Local Property Tax Submissions, Finance Department, Dun Laoghaire Rathdown County Council, County Hall, Dun Laoghaire
3. By email to lptsubmissions@dlrcoco.ie