Last night, councillors on Dún Laoghaire-Rathdown County Council voted almost unanimously (31-6) to reduce local property tax (LPT) for 2017, by the maximum allowable 15%.
This was a really important decision because the residents of Dún Laoghaire-Rathdown pay the highest rates of LPT in the country. The statutory scheme for property tax is designed so that local authorities like DLR can reduce the LPT and thereby equalise the tax burden between residents here and areas where property prices are lower.
The Council’s budget will be decided in November.
You can watch my contribution to the LPT debate here: