€21.3 million in Local Property Tax to Mayo County Council for 2025

The Minister of State for Local Government and Planning, Alan Dillon TD, announced the allocation of €696 million in Local Property Tax (LPT) for 2025 to local authorities. 

The funding will support the crucial role local authorities play in delivering services and managing increasing demands.

The baseline funding for Mayo in 2025 is set at €21.3 million, including an increase of €1.5 million following a review of the 2023 allocations. 

Upon today’s announcement, Minister Dillon stated: “Local Authorities play a vital role in delivering services to our citizens. Following a review of baseline funding by a working group, the Government increased the LPT baseline by more than €75 million in 2024. These changes will continue into 2025, easing pressures on the sector.” 

The estimated LPT yield for Mayo is €9.4 million, which is also the estimated total revenue from the LPT on residential properties in Mayo. However, since this is less than the baseline funding, the shortfall is covered by the government through its equalisation fund. 

Mayo will receive over €11.9 million from the €144 million equalisation fund, resulting in a total LPT funding allocation of €21.3 million, before any local variation of the base rate is applied.

The Minister of State explained that following the recent local elections, councils face important decisions regarding the level of local property tax in their areas, ‘which will affect expenditure on local services’.

“As the Minister responsible for Local Government, I recognise that Local Authorities are on the front line, providing important resources and amenities to their communities. I am pleased that the significant increases in LPT allocations for 2024 will continue into 2025. I know they will assist the sector in the key role it fulfils in delivering for local communities,” he said.

“The equalisation process is a key component in supporting this shortfall. It redistributes funds to Local Authorities with lower LPT yields, maintaining a fair and equitable system across the country,” concluded Minister Dillon.