DUBLIN: Cork City Council’s decision not to increase the local property tax (LPT) next year means it will be €777,000 better off but local householders will face hikes of up to €70 each as a result, depending on the valuation of their home. City councillors, who have the power to adjust the rate by plus or minus 15% and who cut the rate by 10% last year voted 19-11 last night to make no adjustment to the reset base rate for 2017.
Their decision means homeowners will pay more and the city council will be €777,000 better off.The vote followed a brief 20-minute meeting during which council CEO Ann Doherty outlined the council’s draft 2017 budget, and the implications of an adjustment of the LPT rate by plus or minus 15%, as provided for under the legislation.
