Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I thank the Minister for his response to amendment No. 96 on the revaluation of properties for the LPT. I welcome the Minister's intention to examine the operation of the LPT, including the impact of rising property prices on the liability that households face because as matters stand, many people in the greater Dublin area are facing a jump of approximately two bands, which equates to an increase of €180. However, there are two years to go and the Minister intends to conduct a review. I take his point about the need to bring new properties into the net and this will not happen unless there is a new valuation date. While that is one issue that must be taken into account, members will have this debate again.