Finian McGrath (Dublin North Central, Independent)
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303. To ask the Minister for Finance his views on a matter (details supplied) regarding property tax; and if he will make a statement on the matter. [15540/15]

Michael Noonan (Limerick City, Fine Gael)
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I wish to advise the Deputy that, having made a commitment to examine the Local Property Tax (LPT) and any impacts on LPT liabilities as a result of property price movements, I have appointed former public servant  Dr. Don Thornhill to conduct a review to consider and make recommendations on the operation of the Local Property Tax.  In particular the Review will have regard to:

Recent residential property price developments,

The overall yield from LPT and its contribution to total tax revenue on an ongoing basis, and

The desirability of achieving relative stability, both over the short and longer terms, in LPT payments of liable persons.

A public consultation has been launched as part of the review, inviting submissions from the public on the operation of LPT.  This public consultation process will run until 30^thApril 2015. Any submissions that the Deputy or the person, on whose behalf this Question was asked, may wish to make to the public consultation will be more than welcome.

Submissions may be madeby email to or by post to:

Local Property Tax Review

Tax Policy Division

Department of Finance

Government Buildings

Upper Merrion Street

Dublin 2

I expect that the review will be completed by summer 2015, and will be considered in the context of Budget 2016.