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.
This means that Laois County Council can increase or decrease the basic rate of the Local Property Tax within the County by a maximum of +/-15% or leave it unaltered.
At the meeting of Laois County Council held on 25th September 2023 to consider this matter the members agreed to increase the basic rate of local property tax by 10%. This rate applied for a period of one year from the 1st November 2023 (liability date) to the 31st October 2024. A review of the rate to be applied from the next liability date of 1st November 2024 will now be carried out.
The Council will meet on the 30th of September 2024 to consider the setting of a local adjustment factor for a period specified in the resolution. Members must decide whether to leave the rate unadjusted or alternatively to apply an adjustment factor to the rate.
Laois 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 6th September 2024 and can be sent to:
• LPT , Finance Department , Laois County Council, Aras an Chontae, Portlaoise, Co. Laois
• LPT@Laoiscoco.ie
Signed: Simon Walton
Interim Chief Executive
Dated: 30th July 2024