Three Dublin councils vote to maintain Property Tax rate cuts

Three Dublin councils vote to maintain Property Tax rate cuts

Local property tax rates will stay the same in some Dublin suburbs.

With close to €90m at stake, three councils voted last night to keep the rate cuts at the same levels as before.

Property tax is charged at a rate of 0.18% a year up to a million euro and 0.25% for amounts above that.

Local councillors have the power to give a discount of up to 15% off the rate.

Last night Fingal decided to limit the cut to just 10% as they did in previous years.

Council management says it gives them another €2m to play with.

Dún Laoghaire-Rathdown's county manager Philomena Poole called on councillors to do the same there.

The tax made up 9% of the council's income last year, three times as much as in the other Dublin councils.

However, Dún Laoghaire-Rathdown kept the cut at the highest level, as did South Dublin County Council.

Councils may see a windfall anyway in 2020.

Homes across the city are being revalued for the tax ahead of the November 1 deadline.

It is the first time they have been assessed for the tax since May 2013 and prices have seen massive growth since then.

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