Fianna Fail’s Deputy Finance Spokesperson, Frank O’Rourke, has pressed the Government not to increase the net Local Property Tax (LPT) on families, as property valuation has increased since the introduction of the LPT in 2013.
“Local Property Tax (LPT) rates have been frozen since 2013, but in the meantime, house prices have increased substantially. This means that property taxes could rise substantially in 2020 when houses are revalued again, unless fairness is adopted by the Government.”
“The local property tax was reluctantly accepted by the people and it was introduced gradually. However as property valuation increases, homeowners need to be protected from severe hikes in their LPT,” stated Deputy O’Rourke.
Continue reading “O’Rourke – Local Property Tax should not be increased”