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City Councillors set to discuss varying basic rate of local property tax

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City Councillors set to discuss varying basic rate of local property tax

Galway Bay FM Newsroom - City Councillors will discuss whether to vary the local property tax for 2022 when they meet tomorrow.

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Last month, Galway city council invited submissions from the public on the potential effects of varying the basic rate of LPT.

Three submissions were received.

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The recommendation from the majority of the Corporate Policy Group is for no increase or decrease to the tax.

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.

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.

The matter will be discussed at a meeting tomorrow.

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