Cork councillors vote to increase Local Property Tax

Householders in Co Cork are facing a 5% increase in their Local Property Tax (LPT) next year after councillors voted to seek more money from the tax to prop up services which have suffered from government cutbacks in recent years.

Last year councillors decided to reduce the LPT by 5% across all bands, resulting in the council losing out on nearly €2m of income.

County Hall officials circulated a report to councillors outlining the potentially serious financial implications of retaining that position or cutting the tax further.