Cork City Council’s property tax rate unchanged

Cork City Council’s decision not to increase the local property tax (LPT) next year means it will be €777,000 better off — but local householders will face hikes of up to €70 each as a result, depending on the valuation of their home.

City councillors, who have the power to adjust the rate by plus or minus 15% and who cut the rate by 10% last year — voted 19-11 last night to make no adjustment to the reset base rate for 2017.

Their decision means homeowners will pay more and the city council will be €777,000 better off.