Dáil Éireann Debate, Wednesday - 21 February 2024
99. Deputy Mairéad Farrell asked the Minister for Housing, Local Government and Heritage the revenue raised by each local authority from local property tax for 2023, in tabular form; and if he will make a statement on the matter. [8179/24]
View answer100. Deputy Mairéad Farrell asked the Minister for Housing, Local Government and Heritage further to Parliamentary Question No. 280 of 1 February 2024, when he expects the data for 2023 related to local authorities' income from commercial rates and income from the provision of goods and services to be available; and if he will make a statement on the matter. [8185/24]
View answerI propose to take Questions Nos. 99 and 100 together.
Local authority income from commercial rates and from the provision of goods and services are published annually by local authorities in their Annual Financial Statements (AFS). Each local authority is required to prepare an AFS by the end of March following the year end and to publish it by the end of June. The information is generally available on each individual local authority’s website.
When presenting an AFS, the Chief Executive is presenting unaudited or draft accounts. These financial statements then undergo an independent audit by the Local Government Audit Service (LGAS). Accordingly, these cannot be taken as final accounts until the LGAS completes their audit. Therefore, 2022 is the latest year for which audited AFS data is currently available. Whilst local authorities will individually publish unaudited AFS for 2023 by the end of June 2024, it is anticipated that audited 2023 AFS data for all local authorities will not be available until the end of 2024. When all audits are complete, my Department compiles and publishes a consolidated AFS publication compiled from the Audited Financial Statements published by each local authority and this can be found on my Department’s website at the following link: www.gov.ie/en/collection/e103b-local-authority-annual-financial-statements/
Local Property Tax (LPT) is administered and collected by the Revenue Commissioners and subsequently transferred into the Local Government Fund (LGF). The funds are ultimately redistributed to local authorities in accordance with the Government’s allocation policies. Detailed information regarding the 2023 LPT allocations, paid from the LGF to local authorities, amounting to €609.9m is published by my Department at the following link: www.gov.ie/en/publication/02b73-local-property-tax-final-allocations-to-local-authorities-for-2023/
These LPT allocations include equalisation funding where a local authority’s estimated LPT yield is less than their baseline level.
The Revenue Commissioners publish detailed information on LPT collected, broken down by local authority, on its website at the following link: www.revenue.ie/en/corporate/information-about-revenue/statistics/property-taxes/index.aspx
