Dáil Éireann Debate, Tuesday - 25 January 2022
108. Deputy Ciarán Cannon asked the Minister for Housing, Local Government and Heritage the status of the work to examine the mechanism for funding local authorities to address anomalies in allocations across counties of comparable size. [3197/22]
View answerI assume the question refers to the allocation of Local Property Tax (LPT) following the first LPT revaluation and the addition of new residential properties that were previously exempt from LPT.
As well as the revaluation, the Programme for Government commits to a move to 100% local retention of the tax. My Department has been advised by the Office of the Revenue Commissioners that the revaluation process is nearing completion and that data on the new LPT yield per local authority will be available in the near future. Once this data is available, my Department will, as previously stated, examine the funding model so as to ensure the Programme for Government commitment to move to 100% local retention can be fulfilled.
