LPT collection rate in Mayo at 96.9 per cent last year

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.”

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