Local Property Tax (LPT) is a tax payable on the market value of residential property. The charge which is administered and collected by the Revenue Commissioners, came into effect on the 1 July 2013. A half-year payment was due in 2013, with a full-year payment due from 2014 onwards.
CONSIDERATION OF SETTING A LOCAL ADJUSTMENT FACTOR FOR 2023
(LOCAL PROPERTY TAX)
The Finance (Local Property Tax) Act 2012 (as amended), makes specific provision that Elected Members of a local authority may pass a formal resolution to vary the basic rate of the Local Property Tax for their administrative area by a percentage known as the Local Adjustment Factor.
This means that Fingal County Council can increase or decrease the basic rate of the Local Property Tax within the County by a maximum of +/-15%, or leave it unaltered.
A Public Consultation process in relation to the Consideration of Setting a Local Adjustment Factor for 2023 was held between 26th July 2022 and 26th August 2022 and submissions were invited from the public.
The Council will meet in October 2022 to consider the setting of a Local Adjustment Factor for 2023. Members must decide whether to retain the variation agreed in 2021, agree an alternative variation, or apply no variation. The submissions received as part of the Public Consultation process will be considered by the members at this meeting.