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Leitrim County Council agree to lock property tax rate for next three years

Sep 5, 2022 12:09 By Shannonside News
Leitrim County Council agree to lock property tax rate for next three years Leitrim County Council agree to lock property tax rate for next three years
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Councillors have an opportunity each year to vary the rate.

Leitrim Councillors have voted to lock local property tax rates in the county for the next three years.

The decision was made this morning at the September meeting of Leitrim County Council.

Following a revamp of the local property tax system by Revenue, local authorities were recommended to avoid changing tax rates on an annual basis.

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It argued that increasing or decreasing the LPT rate each year makes it more difficult for Leitrim County Council to plan long-term capital projects.

According to the council's chief executive Lar Power, funds gained from the local property tax allow the local authority to match funding for significant infrastructure grants.

While the issue was initially supported and passed by local representatives, a counter-proposal was issued by Councillor Brendan Barry.

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The Ballinamore area Councillor stated that it wouldn't be wise to set the rate in stone as the council could face major changes or challenges in that time.

He was supported by Councillor Mary Bohan who stated many people have benefited from Local Property Tax-funded initiatives in Leitrim.

Following consultation with the executive, Councillor Barry withdrew his counter motion and the resolution was passed to hold property tax rates static for the next three years.

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