Kerry homeowners could be facing higher rates of Local Property Tax

Kerry homeowners could be facing higher rates of Local Property Tax.

Currently, Local Property Tax is assessed at 0.18pc of a property’s 2013 market value, a measure introduced six years ago which is still in operation.

However, according to the Irish Independent, the average value of homes nationwide has increased from €150,000 to €256,000 since 2013.


In Killarney, the average price of a home has increased by nearly €80,000 in the past six years, meaning the average LPT rate at current values would be €315, up from €225.

Similar market value increases in Listowel mean the average rate of LPT could jump from €90 to €315.

Cahersiveen’s increase is not as severe, however, it could be expected to rise from €90 to €225.

Tralee homeowners could face a decrease in their LPT according to the Irish Independent; the capital town is one of a small number of areas where the value of a home has lessened.

Were the new values to used when calculating LPT, Tralee homeowners’ average bill could decrease by €90 to €225.