What is Local Property Tax (LPT)?
Local Property Tax (LPT) is an annual tax charged on all residential properties in the State and came into effect in 2013. A half-year payment was due in 2013, with a full-year payment due thereafter from 2014. The LPT is collected by the Revenue Commissioners.
PT is administered by Revenue. Revenue has provided an interactive tool and information on this website to help determine the value of a property and meet LPT obligations.
Full details on LPT obligations can be accessed at the Revenue website.
What is the Local Adjustment Factor?
A local authority may vary the basic rate of the Local Property Tax within its own area by a maximum of 15%. Any decision by a local authority to vary the basic rate of LPT must be taken by mid October each year in order that it can have effect from 1st November ( the liability date) and therefore determine the LPT liability for taxpayers in that local authority area the following year.
Galway City Council has not adjusted the LPT liability since it’s introduction in 2013.
What is the revenue generated under the Local Property Tax used for in the Council?
The revenue generated by Local Property Tax is invested into the entire range of local Council services including housing services, road maintenance, public lighting, fire services, libraries, recreation and amenity facilities, arts and cultural supports, litter management and street cleaning, supporting community initiatives and economic development.
When will the Council make a decision on varying the rate of Local Property Tax in Galway?
This decision will be made annually by Councillors at a Council Meeting. The elected members of Galway City Council will meet on 14th October 2024 to agree the adjustment factor to the Local Property Tax Rate for 2025.
In making their decision each year on whether or not to vary the rate, the elected members will consider the following:
- Estimated Income and Expenditure for the Council for the forthcoming year
- Financial Position of Galway City Council at that time
- Estimated Financial effect of the varied rate in the forthcoming year
- Feedback from the Public Consultation