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Varadkar’s Property Tax plan can’t hide the inevitable increases for families - Doherty

30 May, 2017 - by Pearse Doherty TD

Sinn Féin Finance spokesperson Pearse Doherty TD has said Minister Varadkar’s proposed changes to the Local Property Tax system amounts only to a bit of fancy footwork but can’t hide the fact that post 2019, property tax is set to increase dramatically for families across the State.

Teachta Doherty said:

“Leo Varadkar’s proposal on the LPT amounts to nothing more than a piece of fancy footwork that cannot hide the inevitability of having introduced a property tax at the bottom of the property cycle, Fine Gael will have to live with the consequences as prices go up. Sinn Féin pointed out this in our campaign against the LPT.

“He is clearly motivated by a fear of an inevitable big jump for families especially in Dublin when the valuation freeze melts in 2019. The cynical move by Minister Michael Noonan to kick this into touch until after the last election has now caught up with Fine Gael and they are frantically throwing out ideas to prevent people in Dublin in particular feeling the effect.

“This freeze means now that the shock of the increase will be all the more keenly felt in 2019, unless there is another property crash.

“Families are struggling to pay mortgages on houses they have bought with all their savings. The property tax increase will be another kick for those trying to deal with high standard variable rates and increasing insurance prices on their homes.

“The LPT should be abolished and a fairer system put in place that funds local government based on need, not internal Fine Gael election campaigns.”

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