According to the most recent preliminary Local Property Tax Exchequer Receipts for 2017 the vast majority of houses in Mayo are valued at less than €150,000 by home owners in the county. The data showed that there were 59,400 properties returned for the tax and there was a compliance rate of 96.9 per cent by Mayo property owners in the county.
In total €10.4 million was collected in the tax in Mayo was the second highest collection rate in Connacht with Galway County collecting €15.5 million, next after Mayo came Galway city with a collection of €8.2 million. While Sligo collected €5.2 millon, Roscommon €3.9 million, and Leitrim €2.1 millon from the tax - the joint lowest return in the country alongside Longford.
When it came to valuations of properties in Mayo, the largest valuation was for properties under €100,000 with 42.6 per cent of properties in the county valued at less than the €100,000 figure. The next most popular valuation was in the €100,000 to €150,000 bracket with 38.8 per cent of properties in Mayo valued in that range. In the €150,000 to €200,000 band 14 per cent of properties in Mayo were valued. While 2.7 per cent were valued at between €200,000 and €250,000; 0.9 per cent were valued at between €250,000 and €300,000, and one per cent of homes in the county were valued at over €300,000. The figures would also tie in with the latest house price report by property website Daft.ie that found that the average price of a house in quarter three of last year was €140,000.
These preliminary figures show a slight decrease on the amounts collected in 2016. When the final figures were published last summer €10.5 million had been collected by the tax in Mayo for the previous year. There has been a slight increase in the number of properties registered for the tax, going up from 58,300 to 59,400 according to these preliminary results. The valuation of properties remained on a similar level as the 2016 figures with 42 per cent being valued at under €100,000 in both years, and a 0.5 per cent decrease in the valuations of properties in the €100,000 to €150,000 bracket.
Commenting on the publication of these latest statistics, the Collector-General, Michael Gladney said: “There is a continuing high compliance rate for LPT, currently 97 per cent nationally, and the vast majority of property owners fully comply with their payment obligations either in a single payment, or with phased payments.”
