PROPERTY TAX CHANGES IN 2015 | 15% INCREASE OR DECREASE?

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PROPERTY TAX CHANGES IN 2015
UP TO 15% REDUCTION LIKELY?
COUNCIL BY COUNCIL FUNDING

A recent Sunday Business Post article outlined the problems facing 25 councils in implementing an up to 15% cut in Local Property Tax rates for the 2015 fiscal year. Each council is allowed to retain 80% of the LPT collected within their area, with the intention being that the remaining 20% is used to assist weaker funded councils in the rest of Ireland.

The LPT was originally designed to replace the government funded general purpose grants allocated to each council.

As the table below shows however, 25 councils cannot afford to reduce LPT by 15% without imposing severe cutbacks in basic public services such as libraries, pothole repair and streetlight reductions.

The 9 Councils that may be able to reduce 2015 LPT charges by up to 15%

Council	Number of Properties	LPT Collected 2014 ( € Million )	Government Grant 2014 ( € Million )	Average LPT ( € )
Dun Laoghaire/Rathdown	80,500	30	5.7	372
Dublin City	233,400	47.3	2.6	202
South Dublin	94,100	17.2	0.923	182
Fingal	97,300	20.4	0.454	209
Wicklow	51,100	9.6	6.8	187
Kildare	74,300	12.1	9.6	162
Galway City	30,900	5.2	1.6	168
Cork County	160,700	25.1	2.9	156
Clare	50,400	6.4	2.6	126

The 25 Councils that may not be able to reduce 2015 LPT charges by up to 15%

Council	Number of Properties	LPT Collected 2014 ( € Million )	Government Grant 2014 ( € Million )	Average LPT ( € )
Carlow	21,600	2.4	5.3	111
Cavan	28,800	2.9	8.4	100
Cork City	51,000	7	8.5	137
Donegal	67,800	7.1	22.7	104
Galway County	68,100	9.3	12.5	136
Kerry	66,200	9.4	11	141
Kilkenny	35,000	4.7	9.3	134
Laois	28,600	3	7.6	104
Leitrim	15,300	1.4	8.2	91
Limerick City	24,000	2.7	8.4	112
Limerick County	50,600	7.1	6.1	140
Longford County	16,600	1.4	8.1	84
Louth	46,000	5.5	8.2	119
Mayo	56,600	7	17.4	123
Meath	64,100	9.7	8.7	151
Monaghan	22,300	2.5	10.2	112
North Tipperary	28,600	3.5	9.8	122
South Tipperary	34,400	4.1	12.9	119
Offaly	27,200	3	6.6	110
Roscommon	26,600	2.7	9.1	101
Sligo	29,400	3.4	8.9	115
Waterford City	20,400	1.9	4.3	93
Waterford County	27,300	3.7	12.1	135
Westmeath	33,400	3.9	10.1	116
Wexford	61,300	7.4	11.8	120

This summary is based on recent articles in the Sunday Business Post and on the RTE.ie website The information provided on this page is liable to change at any time.
All information supplied by IrishHouse.ie/PropertyRegister.ie is subject to errors & omissions and does not constitute legal, investment or any other form of advice. Always obtain independent professional advice for your own particular situation.

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