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.