There could be bad news for homeowners in Dublin city as the rate of local property tax could rise by 15% next year if local councillors get their way.
The call for an increase comes after Council chief executive Owen Keegan claimed the tax must be raised in order to provide €12 million in extra funding for council services next year.
The move which will surely anger some 240,000 homeowners will see a stark increase in prices given that the council voted to reduce property tax by 15% for the year 2016.
The news will anger many as recent reports suggest that Dublin city homeowners, are the biggest payers of property tax, having paid €50 million in property tax in the first half of 2016. Figures also suggest that a staggering 92% of householders in the capital paid their bill so far.