Plans to increase local property tax in Dublin city confirmed by council ruling group

Fine Gael, Fianna Fáil, the Green Party and Labour say extra funding will be spent on street cleaning and housing servicesSince the introduction of the tax in 2013, Dublin city councillors have always voted for the maximum discount.

LPT, which is based on the value of a property, has a base rate that can be raised or lowered by 15 per cent by councillors each year. Since the introduction of the tax in 2013, Dublin city councillors have always voted for the maximum discount.to charge the full rate. This motion, which was defeated, would have resulted in higher bills for homeowners this year but, the parties said, would have resulted in much improved services for Dubliners.

The full 63 member council will meet in City Hall for the first time since the local elections to appoint a new Lord Mayor for Dublin. It is understood that under the voting agreement, Fine Gael and the Green Party will hold the mayoralty for two years each, with Fianna Fáil having one mayor in the five year term.

Source: Real Estate Daily Report (realestatedailyreport.net)

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