Lo­cal Prop­erty Tax hike to aid job de­vel­op­ment

The Kerryman (North Kerry) - - LAND PROPERTY & HOME -

KERRY’S Lo­cal Prop­erty Tax (LPT) is to in­crease by 5% next year with sup­port for em­ploy­ment projects cited as the main rea­son for the in­crease. KCC man­age­ment sug­gested the in­crease would help sup­port an Agri-Tech Cen­tre of Ex­cel­lence in con­junc­tion with IT Tralee and Dairy­mas­ter, while a se­cond rea­son per­tains to a Re­search and De­vel­op­ment In­no­va­tion Hub in Kil­lor­glin - an ap­pli­ca­tion for which has been sought by IT Tralee and Fexco.

Coun­cil­lors voted nar­rowly to pass the in­crease on to home­own­ers from 2018 by a mar­gin of 14 for and 13 against with one coun­cil­lor ab­stain­ing. The coun­cil had ini­tially pro­posed a 10% in­crease but this was re­jected. The 5% hike rep­re­sents an in­crease of around 8 cent per week on a prop­erty in the first band (a house worth less than €100,000).

Cur­rently, KCC said it has a bud­get deficit in ex­cess of €4 mil­lion and the LPT rise is ex­pected to reap around €700,000 an­nu­ally. Chief Ex­ec­u­tive of KCC Moira Mur­rell said the Agri-Tech Cen­tre of Ex­cel­lence would help cre­ate be­tween 300 and 500 jobs.

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