Up or down – how much is your Local Property Tax this year?
Revaluations have been put off, but local authorities can still increase rates by 15%
With pressure on their finances and funding challenges on the back of Covid-19, it’s no surprise that out of the 31 local authorities across the Republic, 22 voted to increase rates for 2021
In terms of priorities, it’s fair to say that property tax is likely to be of minor concern to most in the midst of a pandemic. However, at a time when many people’s pockets are pinched, the last thing homeowners will want is an increase in yet another bill.
So, there is some good news on this front. Properties across the State were due to be revalued this November to bring valuations into line with current prices. It was a scary thought for many homeowners who will have seen sizeable increases in the value of their homes since the tax was first introduced back in 2013.