Notice of Consideration of Setting A Local Adjustment Factor for the Local Property Tax

The Finance (Local Property Tax) Act 2012 (as amended), makes specific provision that elected members of a local authority may pass a formal resolution to vary the basic rate of the Local Property Tax for their administrative area by a percentage known as the local adjustment factor.

At the meeting set by Limerick City and County Council to consider this matter, the members may set a local adjustment factor within the range of +/- 15% of the basic rate, or, may decide not to adjust the basic rate. Limerick City and County Council will meet in September 2022 to consider the setting of a local adjustment factor. Limerick City and County Council welcomes written submissions from the public on this matter specifically covering the potential effects of varying the basic rate of the Local Property Tax on businesses, individuals and on local authority services.

Submissions must be received by 31st August 2022 via any of the following methods:

  1. By completing an online survey at www.limerick.ie/council/local-property-tax
  2. By emailing your submission to LPT@limerick.ie
  3. By posting your submission to:

Local Property Tax Consultation
Limerick City and County Council
Finance Section
Barrow House
Michael Street
Limerick

 

Signed: Dr Pat Daly

Chief Executive

20th July 2022

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