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Only 50% of Local Property Tax spent in Meath

Thursday, 20th March, 2014 9:25am
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Only 50% of Local Property Tax spent in Meath
Only 50% of Local Property Tax spent in Meath

Senator Thomas Byrne has said that Meath is losing out big time on property tax receipts. In Meath, only 52% of the Property Tax collected has been returned to the county. As a result Meath is losing out by at least €4.8m based on 80% retention of the tax in the County as promised by the Government.  

"This is an anomaly that needs to be addressed. Crumbling local roads can be directly related to the Property Tax paid in Meath not being spent in Meath.  There will be huge anger among residents and property tax payers in the County.  Meath does not have a commercial rates base comparable to surrounding counties and badly needs these funds.

"The Property Tax was sold by the Government to fund necessary local services.  In Meath, nearly half the money is not being spent in the county at all," said Senator Byrne.

Co Meath will receive grant aid equal to just €48 per person, equating to 52% of the local property tax paid by residents of the county. The worst faring counties in terms of property tax retention are Dublin, Cork, Clare, Kildare, Wexford and Meath. Rural counties such as Leitrim and Longford will receive grants equal to 400% of their LPT receipts.

"In terms of per capita funding from the property tax, Meath is one of the lowest recipients. This is outrageous. No more excuses are acceptable from Government representatives. They need to ensure that the property tax paid locally is spent locally," concluded Byrne.

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