10% cut in property tax for Cork households

More than 161,000 householders living in Cork county will receive a 10% cut in their Local Property Tax next year but essential council services will be reduced as a result.

In homes valued at under €100,000, a €9 reduction will apply in the 2015 bill but householders in properties worth €950,000-€1m will benefit by €175.

Sinn Féin and Fianna Fáil councillors yesterday ignored pleas from the county council’s chief executive, Tim Lucey, not to reduce the LPT as it would force cuts to spending on roads, local authority housing maintenance, litter control, library services, and community grants.