"Many set to jump into higher bands as a result of adjusted valuations Thousands of homeowners are facing a triple hit in their local property tax (LPT) bills next year due to changes to the system, according to an analysis by the Irish Independent. House prices are rising rapidly, the LPT bands are being changed from the end of this year, and more councils have voted to increase the amount they charge by up to 15pc."
"Thousands of homeowners are facing a triple hit in their local property tax (LPT) bills next year due to changes to the system, according to an analysis by the Irish Independent. House prices are rising rapidly, the LPT bands are being changed from the end of this year, and more councils have voted to increase the amount they charge by up to 15pc."
Thousands of homeowners face a triple hit to next year’s local property tax bills as many move into higher LPT bands following adjusted valuations. Rapidly rising house prices are pushing property values upward. LPT bands will be changed from the end of this year, creating reclassification into higher bands for affected owners. An increasing number of councils have voted to raise their LPT charges, with some increasing the amount they charge by up to 15pc. The combined effect of valuation-driven band jumps, band restructuring, and council rate increases will significantly raise tax liabilities for many households. The three factors together will elevate bills for a substantial portion of property owners.
Read at Independent
Unable to calculate read time
Collection
[
|
...
]