Fianna Fáil will publish a Bill to provide property tax relief for homeowners who are paying management fees. The Fianna Fáil Bill provides a discount on property tax worth a third of the management fee, up to a maximum of €300 a year.
There are over 200,000 apartments in the country and tens of thousands of other homes that pay management fees to servicing the property. Fianna Fáil Housing Spokesperson Darragh O’Brien is due to introduce the bill in the Dáil this Wednesday.
“The Local Property Tax was established to fund services such as maintaining public lighting, roads and paths, grounds keeping and managing public parking. However management fees are now going towards many of these services, which essentially means that some home owners are paying for the same thing on the double”, explained Deputy O’Brien.
“Fianna Fáil believes there should be a recognition that people are paying twice for the same services, and to that end we propose a partial reduction in the local property tax equal to one third of the management fee, one third of the local property tax, or €300, whichever is the lower amount. Under the proposed legislation, nobody would ever gain more than €300.
“This Bill will help apartment owners, particularly those living in Dublin. Drawing on CSO statistics, the average reduction would be around €86 across over 200,000 units and would cost the State around €17.5m a year.
“This legislation is about ensuring we have a fair property tax system where nobody pays on the double for the same services. Fianna Fáil is committed to ensuring there is no increase in the Local Property Tax for homeowners and to ensure a fairer, more equitable system is put in place in the upcoming review. I will work with other parties to achieve this”.