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€9 million taken in from Local Property Tax in Louth last year

€9 million taken in from Local Property Tax in Louth last year

A total of €9 million was collected in Local Property Tax in Louth last year.

New figures from the Revenue Commissioners show that 50,500 properties contributed to the amount taken in.

The money is considered a vital part of funding local government with Louth County Council officials having pushed for an increase in recent years.

The amount collected in Louth works out at just over €178 per household.

Despite this Louth had one of the lowest compliance rates in the country at 95.6%. Only Donegal (93.3%), Dublin City (94.4%) and Leitrim (95.5%) had lower compliance rates.

A total of 34.8% of householders in Louth said their property was valued between €0 and €100,000 when the assessment was made in 2013. A further 29.4% said their property was valued at between €100,001 and €150,000 with 24% between €150,001 and €200,000.

This means 88.2% of householders in the county valued their properties at €200,000 or less.

A further 7.1% said their property was valued at between €200,001 and €250,000 with 2.5% valuing theirs at €250,001 and €300,000. Just 2.2% said their homes were valued at €300,000 or more.

The amount taken in by the Local Property Tax in Louth last year is down €100,000 on 2017 when 50,400 properties contributed.

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