THE latest Local Property Tax (LPT) statistics for Limerick show that more than nine in ten people are paying up.
The figures show a high compliance rate for 2017 of 97.6 per cent with €16.6 million collected between the city and county.
The LPT figures, based on preliminary analysis of returns filed and other LPT related information, also showed a 4.4 per cent mandatory LPT reduction for properties in Limerick last year.
The LPT statistics for 2017 also indicated LPT exemptions of €500,000 in Limerick, with €17.7m declared and a further €400,000 deferred, leaving a net position of €17.3m. Revenue warned that exempt amounts are based on claims made in returns and will now be subject to verification checks.
Limerick City and County Council this week said it is delighted with the compliance levels of Local Property Tax (LPT) payment in 2017 as published by Revenue.
“The LPT is a critical funding stream for the local authority,” a spokesman for the local authority told the Limerick Post.
“In 2018 the LPT accounts for 12 per cent of the entire council revenue budget of €158.55 million (excluding HAP). The LPT provides for local services direct to local communities across Limerick.
“In 2018, following the decision by the councillors to adopt the budget, additional funding of the following direct services has been made possible as a result of the Local Property Tax: Maintenance and Improvements to Local and Regional Roads, Street Cleaning, Community Grants, Litter Management, Library Services and Tourism Development and Promotion,” he concluded.
by Alan Jacques
