COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, June 10, 2013

MOTION NO.6

MOTION: Councillor T. Gilligan

That this council opposes any increase in the property tax in 2014

REPORT:

The local property tax legislation [Finance (Local Property Tax) Act 2012 http://www.irishstatutebook.ie/2012/en/act/pub/0052/index.html] was enacted on the 26th December 2012 and provides  for an annual tax payable by owners of residential properties.  The tax is due from 1 July 2013 and the liability in 2013 is 50% of the assessed tax.   The tax assessment is computed by applying a tax rate of 0.18% to the market value of each relevant residential property up to a maximum value of €1,000,000 and a tax rate of 0.25% to any portion of the market value which exceeds €1,000,000.   The Minister for Finance committed in a financial statement on Budget Day 2013 (5/12/2012) that the national central rate (0.18% up to €1 million and 0.25% on excess value over €1 million) will not be increased for the lifetime of the Government Tax:  The property valuation date of 1 May will be used from 2013 to 2016.

While the national central rates of 0.18% and 0.25% will not be changed during the term of the current government, local authorities will have discretion (in accordance with Sections 19/21 of the Finance (Local Property Tax) Act 2012) to vary the local property tax rate by +/- 15%  from 1 January 2015.