Oireachtas Joint and Select Committees

Tuesday, 11 June 2019

Committee on Budgetary Oversight

Local Property Tax Review: Discussion

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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No. To deal with the first part of the Deputy's question, as we bring existing households into the LPT net, which we will need to do, the revenue these properties will contribute initially will be a relatively small part of the new LPT yield. In respect of why there is such a variation, even in scenario 2 as the Deputy has identified, there are two reasons. The first is that there has been such geographical variation by county. We have seen very different rates of price changes by county across the country. Even within counties, we have seen very uneven rates of price increases. This is the key point. The uneven degree of price inflation by county and within counties has made it very difficult to come up with a model in which we can ensure there is nobody who does not face a change. In the debate on LPT that has been ongoing on the back of this Oireachtas committee report, and perhaps in my own comments on the matter, perhaps that point should be made clearer before going down the path of bringing legislation into the House on it.