Galway Bay fm newsroom - Galway city council is inviting submissions from the public on the potential effects of varying the basic rate of the local property tax.
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The Finance Act 2012 makes provision that elected members of a local authority may pass a formal resolution to vary the basic rate of LPT by a percentage known as the local adjustment factor.
At the meeting set by Galway City Council to consider the matter, members may set a local adjustment factor to raise or reduce the rate by up to 15% or can decide not to adjust the basic rate.
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Galway City Council will meet in July or August to consider the matter.
Submissions must be received by City Hall by close of business on Thursday 8th July.
