South Dublin Council Reduces Local Property Tax by 7.5% Over Four Years

Here’s a revised article for archyde.com, focusing on clarity, engagement, adn a slightly different tone:

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Local Property Tax Freeze to Offer Homeowners Respite Amidst Valuation Changes

Dublin, Ireland – Homeowners in Dublin will see a welcome freeze on the Local Property Tax (LPT) until October 2029, a decision hailed by councillors as a move to alleviate financial pressure and provide budgetary certainty. The decision, made by Dublin city Council, preempts upcoming national changes to the LPT scheme that are anticipated to increase bills for some property owners.

The council’s move to cap the LPT at current levels offers a significant period of stability for residents.Councillor Dermot Duff emphasized that this decision would ease the burden on homeowners and offer predictability for council chief executive Colm Ward’s budgets in the coming years.

This local reprieve comes as Minister for Finance Paschal donohoe prepares to implement a revaluation of properties, effective November 1st. These new valuations will form the basis for LPT calculations from next year onwards,for a period of five years.

While official statements suggest the impact of the revaluation will be modest for the majority, with approximately 96% of properties expected to remain within their existing valuation bands, there are caveats.Mr. Donohoe indicated that most property owners – those with homes valued at €525,000 or less on November 1st – could expect an increase of between €5 and €25 annually. However, properties valued above this threshold or those that shift into a higher valuation band are likely to face a more substantial increase in their LPT charges.

Councillor Duff acknowledged that the initial ambition had been to fully abolish the LPT, a goal now deferred to the next council’s term. “The review of the LPT is going ahead anyway,” he stated, “but what councillors have done is to bring certainty to the annual debate over the charge.”

Housing Delivery exceeds Targets

In parallel to the LPT news, Dublin City Council also reported a significant achievement in its housing delivery efforts. The council has surpassed its social housing target, delivering 1,825 new homes between 2022 and last year, exceeding the goal of 1,821.

A progress report on the council’s housing action plan revealed that an additional 3,700 new social homes are slated for completion by the end of next year. These much-needed homes are being provided through a multi-pronged approach, including direct building by the local authority, collaborations with approved housing bodies, provisions under Part V of the Planning and Development Act, and leasing initiatives.

Up to the close of last year, the council itself had constructed 566 new homes and acquired 15 as “turnkey” properties – ready for immediate occupation. Approved housing bodies contributed a further 123 newly built homes and secured 528 “turnkey” properties. Part V of the Planning and Development Act, which enables the council to purchase properties from developers at cost price, proved instrumental in delivering 593 homes.

The dual announcements highlight a proactive approach by Dublin City Council,aiming to provide both financial stability for residents and a robust response to the ongoing housing crisis.

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How will the phased LPT reduction of 7.5% over four years specifically impact homeowners with properties valued at different price points in South Dublin County?

Understanding the Local Property Tax (LPT) Reduction

South Dublin County Council has approved a significant reduction in the Local Property Tax (LPT) for property owners within its jurisdiction. This reduction, totaling 7.5% over a four-year period, aims to alleviate financial pressure on households and stimulate economic activity in the region. This article breaks down the details of this LPT reduction, its implications for homeowners, and what you need to know. We’ll cover everything from the timeline to potential savings and how this compares to other council areas.

The Timeline of the reduction: 2024-2027

The 7.5% reduction isn’t a one-time event; it’s being phased in over four consecutive valuation dates. Here’s the breakdown:

2024: 1.875% reduction applied.

2025: 1.875% reduction applied.

2026: 1.875% reduction applied.

2027: 1.875% reduction applied.

This staggered approach ensures a consistent and manageable decrease in LPT bills for residents of South Dublin. Property owners will see the reduction reflected in their LPT notices each year, starting with the 2024 valuations. Understanding the LPT valuation date is crucial for calculating your individual savings.

How Much Will You Save? – LPT Savings Examples

The actual amount saved will depend on the assessed value of your property. Here are some illustrative examples:

| Property Value (€) | Annual LPT (Before Reduction – 2023 Rates) | Annual LPT (After 7.5% Reduction) | Estimated Annual Savings |

|—|—|—|—|

| 200,000 | €500 | €462.50 | €37.50 |

| 300,000 | €750 | €693.75 | €56.25 |

| 400,000 | €1,000 | €925 | €75 |

| 500,000 | €1,250 | €1,156.25 | €93.75 |

These figures are estimates based on 2023 LPT rates and a full 7.5% reduction. Your actual savings may vary. Use the Revenue Commissioners’ LPT calculator (https://www.revenue.ie/en/property/local-property-tax/calculator.html) to get a more precise estimate based on your property’s valuation.

South Dublin vs. Other Councils: A Comparative Look

While South Dublin Council has implemented a significant reduction, it’s crucial to understand how this compares to other local authorities. Some councils have opted to increase LPT, remain at the same level, or implement smaller reductions.

Here’s a brief overview (as of July 14, 2025 – subject to change):

Dublin City Council: No change to LPT rates.

Fingal County Council: 5% reduction.

Dún Laoghaire-Rathdown County Council: 2.5% reduction.

Wicklow County Council: 10% reduction.

This comparison highlights South Dublin’s commitment to providing ample relief to property owners. Property tax rates by county can vary significantly, making it essential to stay informed about your local council’s decisions.

The Impact on Local Services & Funding

A common concern with LPT reductions is the potential impact on funding for local services. South Dublin County Council has stated that it will mitigate the financial impact through a combination of efficiency measures and option revenue streams.Key areas of focus include:

Optimizing operational costs: Identifying areas where spending can be reduced without compromising service quality.

Seeking additional funding: Exploring opportunities for grants and other external funding sources.

Prioritizing essential services: Ensuring that core services, such as waste management, road maintenance, and public safety, remain adequately funded.

The council assures residents that the LPT reduction will not lead to a significant deterioration in the quality of local services. Local goverment funding Ireland is a complex issue, and councils are continually adapting to budgetary constraints.

Who Qualifies for the LPT Reduction?

The reduction applies to all residential properties within the South Dublin County Council area. There are no specific eligibility criteria based on income or property type. However, certain exemptions and deferrals may apply.

Exemptions: Properties occupied by individuals who are insolvent or have experienced a significant loss of income may be eligible for an exemption.

* Deferrals: Certain homeowners, such as those in financial