The local property tax (LPT) is annual self-assessed tax charged on the market value of all residential properties in Ireland. It came into effect on 1st July 2013 and is collected by the Revenue Commissioners.
The Finance (Local Property Tax) Act 2012 (as amended),makes specific provision that elected members of a local authority may pass a formal resolution to vary the basic rate of the Local Property Tax for their administrative area by a percentage known as the local adjustment factor. The members of Waterford City and County Council will meet in September 2017 to consider this matter. They may set a local adjustment factor within the range of +/- 15% of the basic rate, or may decide not to adjust the basic rate.
We are now calling for written submissions from the public on this issue.
To make your submission you can write to: Local Property Tax Consultation, Finance Section, Waterford City and County Council, City Hall, Waterford OR email: LPT@waterfordcouncil.ie
All submissions must be received by August 26th, 2017. There is no prescribed format for a submission.
