Minister for Finance Paschal Donohoe has confirmed that an increase in Local Property Tax (LPT) will be deferred for a further year. Mr Donohoe said he wants to keep and reform the local property tax but he also wants to make sure that homeowners don't see sudden significant increases to their bill. The decision to postpone any decision on property tax kicks the politically contentious question past the local elections and also probably past the next general election. Basing the tax on the market value of the property was the safest way, he added. Mr Donohoe pointed out that it had always been a case that any increase would have been after the local elections and he believed it would be after a general election too.

Source: Irish Examiner April 03, 2019 07:52 UTC