FAQs Local Property Tax

Local Property Tax (LPT) is an annual tax charged on all residential properties in the State and came into effect in 2013. The LPT is collected by the Revenue Commissioners.
A local authority may vary the basic rate of the Local Property Tax within its own area by a maximum of 15%. This means that Waterford City and County Council can either increase or decrease the rate of Local Property Tax in 2019 by 15% of the (basic) 2014 rate. For 2018, the Council decided to increase the rate of LPT by 2.5% of the basic rate. The rate for 2019 will revert to the basic rate unless Council decides to vary this rate.

The table below gives an indication of the rate of Local Property Tax for an average household in Waterford following a 15% decrease or increase on the basic rate.

LPT Valuation Band 2017 LPT Tax -15% +15%
€0 – 100,000 €90 €76.50 €103.50
€100,001 – 150,000 €225 €191.25 €258.75
€150,001 – 200,000 €315 €267.75 €362.25
€200,001 – 250,000 €405 €344.25 €465.75

For example, if your house is valued under €100,000 and the basic rate is not varied, you will pay €90 Local Property Tax in 2019. If the Local Property Tax rate is increased by 15% you will pay €103.50 Local Property Tax in 2019 and if this rate is decreased by 15%, you will pay €76.50 Local Property Tax in 2019.

The Local Property Tax raises approx. €9.3 Million in Waterford City and County. Accordingly an adjustment of +/- 15% equates to an income adjustment of circa €1.4 Million.
No, the Council could, having considered a range of issues, decide to leave the LPT at the basic rate for 2019. The rate in 2018 was increased by 2.5% of the basic rate of Local Property Tax.

This money contributes towards the cost of providing a range of local Council services including libraries, public lighting, road maintenance, housing services, fire services, supporting community initiatives, dealing with illegal dumping and littering, beach management and tourism development initiatives.

If the rate is reduced and if funding is not available to replace this reduction, then a reduced level of income available to the Council will limit the range and extent of services and supports that can be provided in 2018.

If the rate is increased, then an increased level of income available to the Council will increase the capacity to deliver services and supports in 2018.

Yes, Waterford City and County Council would like to hear your views and opinions on any proposal to increase or decrease the rate of Local Property Tax in Waterford. We would like to hear your thoughts on the potential effects of varying the basic rate of the Local Property Tax on households, individuals, businesses and on Council services.

To make your submission you can write to:

Local Property Tax Consultation,
Finance Section,
Waterford City and County Council,
City Hall,
Waterford.
or email: LPT@waterfordcouncil.ie
All submissions must be received by 25th August 2018. There is no prescribed format for a submission.

You can also make an electronic submission, via this online form.

The elected members of Waterford City and County Council will consider the feedback received from this public consultation as part of the decision-making process. The Chief Executive will provide a summary of the written submissions received in a report to the elected members.

In making their decision on whether or not to vary the rate, the elected members will consider the following:

  • Estimated Income and Expenditure for the Council in 2019
  • Financial Position of Waterford City and County Council at present
  • Estimated Financial effect of the varied rate in 2019
  • Feedback from the Public Consultation