Dáil Éireann Debate, Thursday - 6 November 2014
63. Deputy Dominic Hannigan asked the Minister for Finance if his Department has projections for the revision of the property tax rates in 2016 and the implications this could have on property owners; and if he will make a statement on the matter. [42539/14]
View answerThe valuation of a property for LPT purposes on 1 May 2013 will remain the assessable value for 2013, 2014, 2015 and 2016. Therefore any increase in property values between now and 2016 will not have any impact on LPT for those years.
As I have previously stated, the central national rate for Local Property Tax will not vary for the lifetime of this Government. Any consideration of the likely position thereafter would be premature at this stage. However, the Deputy will be aware that LPT legislation enables local authorities to increase or decrease the rate of LPT by a "local adjustment factor" on properties located in their area for the years 2015 and onwards. This factor cannot exceed +15% or -15% of the central national rate.
