County Council looking at property tax increase

Tipperary County Council is said to be seeking a 10% increase in the Local Property Tax.

Councillors were briefed on the proposals at a recent workshop for public representatives – however many of them appear to be opposed to such a move.

Council officials claim a 10% increase in the Local Property Tax would mean an extra €100,000 a year for each of Tipperary's five Municipal Districts.

The tax is a vital source of income for local authorities across the country – however the amount collected varies greatly across the country.

Dublin collects €44 million more than they need to run the council every year while Tipperary County Council takes in €16 million less than what's needed to meet the day to day costs of the council.

This is topped up through a central equalisation fund.

Speaking on Tipp Today Fianna Fail representative John Hogan said he would be opposing any increase claiming it's an unjust levy in the first place.

If agreed to by the 40 elected representatives on Tipperary County Council a 10% increase in the Local Property Tax would mean homeowners would pay an average of €50 extra a year  

All five Sinn Fein Councillors on the local authority will be opposing any potential increase – Catherine Carey says it could bring some families in the county to breaking point.

Local authorities across the country have the power to increase or decrease the Local Property Tax by up to 15%.

However Independent Richie Molloy says reports of a change to house valuations could add considerably to the cost for already stretched homeowners.