The Finance (Local Property Tax) Act 2012 (as amended), makes specific provision that Elected Members of a local authority may pass a formal resolution to vary the basic rate of the Local Property Tax for their administrative area by a percentage known as the Local Adjustment Factor. Article 10 of the Local Property Tax (Local Adjustment Factor) Regulations 2014 requires a local authority that has decided to vary the basic rate of the Local Property Tax within its administrative area to give public notice of that decision.
I hereby give notice that at the meeting of Tipperary County Council held on the 14th September 2020 a formal resolution was passed to the effect that the basic rate of Local Property Tax should stand varied upwards by 10 percent for the year 2021 in respect of the liability date 1st November 2020, as regards relevant residential properties situated in the administrative area of Tipperary County Council.
The variation in the Local Property Tax rate applies for a period of one year from the next Local Property Tax liability date i.e. from 01/11/2020 to 31/10/2021 after which time the rate of LPT reverts back to the initial (basic) rate unless a further decision has been made by the Council, as a reserved function in 2021, to retain the variation or apply an alternative variation.
Signed: Joe MacGrath
Dated: 16th September 2020.