15% Cut In Property Tax To Be Maintained In Fingal

Households in Fingal, Co Dublin, are to continue to benefit from a 15% cut in property tax after Fianna Fáil secured an agreement with the council.

However, Labour, the Green Party and some independent councillors refused to support the 15% cut.

Fianna Fáil Spokesperson on Dublin and local Senator Darragh O'Brien said: "It is extremely disappointing that the Labour Party in Fingal refused to back the 15% cut. It's indicative of their lack of understanding of the impact of this tax on local households.


"I have said all along that this is an anti-Dublin tax as it is based solely on value. It fails to take into consideration the rising house prices in Dublin or people’s ability to pay. According to the latest CSO figures, house prices in Dublin have risen by 40% in the past two years since the last valuation date for property tax. Apartment prices have risen by 50%. It means that many homeowners in the Fingal area face moving valuation bands. There is still the very real prospect of property taxes going up significantly as a result of the Government's decision for a revaluation in 2017. The effect of moving up a band amounts to an extra €90 per year. It means homeowners could see their home rise by three or four valuation bands adding up to €360 to their bill."

Senator O'Brien also called on the Government to support the proposals at a national level to help ease the burden of property tax on local households.

(CD/LM)