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Local Property Tax Rates To Stay The Same In Some Dublin Suburbs

With close to 90 million euro at stake, three councils voted last night to keep the rate cuts at the same levels as before.

Property tax is charged at a rate of 0.18 per cent a year up to a million euro -- and a quarter of one per cent above that.

Local councillors have the power to give a discount of up to 15 per cent off the rate.

Last night Fingal decided to limit the cut to just 10 per cent -- as they did in previous years.

Council management says it gives them another two million euro to play with.

Dún Laoghaire-Rathdown's county manager Philomena Poole called on councillors to do the same there.

The tax made up nine per cent of the council's income last year -- three times as much as in the other Dublin councils.

But Dún Laoghaire-Rathdown kept the cut at the highest level, as did South Dublin County Council.

Councils may see a windfall anyway in 2020.

Homes across the city are being revalued for the tax ahead of the November 1st deadline.

It's the first time they've been assessed for the tax since May 2013 -- and prices have seen massive growth since then.

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