Householders in Cork city to face local property tax hike

The owners of an average home in Cork City will pay €450-€550 in LPT per year — an increase of between €2 and €16 per year on homes up to €500,000

The move will raise just over €2.3m for the city — around 1% of Cork City Council's overall budget. Picture: Dan Linehan

Private homeowners in Cork City face a hike in their local property tax (LPT) next year with some of the income set to be used to help fund footpath repairs — one of the key issues raised during the recent local election campaign.

It follows a decision by city councillors on Wednesday to vary upwards the LPT local adjustment factor by 3% — from 9% to 12% — above the baseline rate set by Revenue.