2024 Local Property Tax (LPT) Allocations to Local Authorities

2024 LPT funding pre-variation 2024 LPT funding post variation****

2024 2024 Local Gain/(Loss) to LA

Estimated 2024 Surplus/Shortfall Amount of 2024 LPT for Total LPT funding Adjustment Factor following any
LPT Yield 100% (100% LPT Surplus*** for LA Balance of authority's own to be provided in variation local variation Revised portion of Total 2024 LPT
€528.8m* (before Retained Locally 2024 Distribution own use (22.5% of Surplus*** to Self- use (Baseline & 2024 (before any percentage decision**** 2024 LPT for the Allocation (after
any local variation minus LPT of Equalisation estimated LPT Fund Housing and any Surplus, less local variation of (where compared to authority's own any local variation
of base rate) 2024 Baseline** Baseline) Funding yield) Roads Services Self-Funding) base rate) applicable) original allocation use of base rate)

Local Authority A B C = (A- B) D = Shortfall in 'C' E = (A x 22.5%) F = (C - E) G = (H- F) H = (A + D) I = Max +/- 15% J= (A x I) K = (J+G) O = (H+J)
Carlow County Council € 3,998,227 € 8,914,470 -€ 4,916,243 € 4,916,243 € 8,914,470 € 8,914,470 +5% € 199,911 € 9,114,381 € 9,114,381
Cavan County Council € 4,014,598 € 11,783,496 -€ 7,768,897 € 7,768,897 € 11,783,496 € 11,783,496 +15% € 602,190 € 12,385,685 € 12,385,685
Clare County Council € 9,738,737 € 10,179,318 -€ 440,582 € 440,582 € 10,179,318 € 10,179,318 +15% € 1,460,810 € 11,640,129 € 11,640,129
Donegal County Council € 9,049,469 € 26,619,850 -€ 17,570,381 € 17,570,381 € 26,619,850 € 26,619,850 +15% € 1,357,420 € 27,977,270 € 27,977,270
Galway County Council € 15,299,282 € 20,309,071 -€ 5,009,789 € 5,009,789 € 20,309,071 € 20,309,071 None € - € 20,309,071 € 20,309,071
Kerry County Council € 13,366,016 € 15,276,761 -€ 1,910,745 € 1,910,745 € 15,276,761 € 15,276,761 +10% € 1,336,602 € 16,613,362 € 16,613,362
Authorities requiring equalisation

Kilkenny County Council € 7,628,509 € 12,173,913 -€ 4,545,404 € 4,545,404 € 12,173,913 € 12,173,913 +15% € 1,144,276 € 13,318,189 € 13,318,189
Laois County Council € 5,241,795 € 11,620,533 -€ 6,378,737 € 6,378,737 € 11,620,533 € 11,620,533 +10% € 524,180 € 12,144,712 € 12,144,712
Leitrim County Council € 1,878,503 € 10,456,315 -€ 8,577,813 € 8,577,813 € 10,456,315 € 10,456,315 +15% € 281,775 € 10,738,091 € 10,738,091
Limerick City & County Council € 15,167,516 € 19,054,464 -€ 3,886,948 € 3,886,948 € 19,054,464 € 19,054,464 +15% € 2,275,127 € 21,329,591 € 21,329,591
Longford County Council € 2,146,088 € 10,406,648 -€ 8,260,560 € 8,260,560 € 10,406,648 € 10,406,648 +15% € 321,913 € 10,728,561 € 10,728,561
Louth County Council € 10,195,678 € 11,366,198 -€ 1,170,520 € 1,170,520 € 11,366,198 € 11,366,198 None € - € 11,366,198 € 11,366,198
Mayo County Council € 9,178,425 € 21,312,344 -€ 12,133,920 € 12,133,920 € 21,312,344 € 21,312,344 +10% € 917,842 € 22,230,187 € 22,230,187
Monaghan County Council € 3,244,442 € 12,738,572 -€ 9,494,130 € 9,494,130 € 12,738,572 € 12,738,572 +15% € 486,666 € 13,225,238 € 13,225,238
Offaly County Council € 4,815,843 € 11,252,214 -€ 6,436,371 € 6,436,371 € 11,252,214 € 11,252,214 +15% € 722,376 € 11,974,590 € 11,974,590
Roscommon County Council € 3,839,124 € 11,993,634 -€ 8,154,509 € 8,154,509 € 11,993,634 € 11,993,634 +15% € 575,869 € 12,569,502 € 12,569,502
Sligo County Council € 4,780,540 € 11,702,627 -€ 6,922,087 € 6,922,087 € 11,702,627 € 11,702,627 +15% € 717,081 € 12,419,708 € 12,419,708
Tipperary County Council € 11,052,375 € 27,451,602 -€ 16,399,227 € 16,399,227 € 27,451,602 € 27,451,602 +10% € 1,105,238 € 28,556,840 € 28,556,840
Waterford City and County Council € 9,863,694 € 20,178,971 -€ 10,315,277 € 10,315,277 € 20,178,971 € 20,178,971 +10% € 986,369 € 21,165,340 € 21,165,340
Westmeath County Council € 6,611,936 € 12,705,507 -€ 6,093,571 € 6,093,571 € 12,705,507 € 12,705,507 None € - € 12,705,507 € 12,705,507
Wexford County Council € 12,394,385 € 15,126,453 -€ 2,732,067 € 2,732,067 € 15,126,453 € 15,126,453 +15% € 1,859,158 € 16,985,610 € 16,985,610
Cork City Council € 22,449,184 € 11,198,643 € 11,250,541 € 5,051,066 € 6,199,475 € 16,249,709 € 22,449,184 +9% € 2,020,427 € 18,270,136 € 24,469,611
Cork County Council € 33,371,302 € 18,453,747 € 14,917,555 € 7,508,543 € 7,409,012 € 25,962,290 € 33,371,302 +7.5% € 2,502,848 € 28,465,138 € 35,874,150
Authorities in surplus

Dún Laoghaire-Rathdown Co.Council € 60,095,759 € 9,770,919 € 50,324,840 € 13,521,546 € 36,803,294 € 23,292,464 € 60,095,759 -15% -€ 9,014,364 € 14,278,101 € 51,081,395
Dublin City Council € 96,970,371 € 20,595,592 € 76,374,779 € 21,818,333 € 54,556,445 € 42,413,925 € 96,970,371 -15% -€ 14,545,556 € 27,868,370 € 82,424,815
Fingal County Council € 43,609,512 € 5,824,881 € 37,784,631 € 9,812,140 € 27,972,490 € 15,637,021 € 43,609,512 -7.5% -€ 3,270,713 € 12,366,308 € 40,338,798
Galway City Council € 8,963,395 € 4,099,723 € 4,863,672 € 2,016,764 € 2,846,908 € 6,116,487 € 8,963,395 None € - € 6,116,487 € 8,963,395
Kildare County Council € 25,244,978 € 13,255,790 € 11,989,189 € 5,680,120 € 6,309,068 € 18,935,910 € 25,244,978 +10% € 2,524,498 € 21,460,408 € 27,769,476
Meath County Council € 20,323,607 € 12,372,034 € 7,951,573 € 4,572,812 € 3,378,761 € 16,944,846 € 20,323,607 None € - € 16,944,846 € 20,323,607
South Dublin County Council € 34,447,779 € 8,926,059 € 25,521,720 € 7,750,750 € 17,770,970 € 16,676,809 € 34,447,779 -15% -€ 5,167,167 € 11,509,642 € 29,280,612
Wicklow County Council € 19,824,676 € 11,230,668 € 8,594,008 € 4,460,552 € 4,133,456 € 15,691,221 € 19,824,676 +6% € 1,189,481 € 16,880,701 € 21,014,157
Total € 528,805,743 € 428,351,015 € 100,454,728 € 149,117,779 € 82,192,627 € 167,379,880 € 510,543,642 € 677,923,522 -€ 6,885,742 € 503,657,900 € 671,037,780

LPT 100% €528.8m* LPT allocations have been calculated based on an estimated yield (pre variation) for the 2024 LPT liability year of €528.8m, based on 2022 LPT liabilities data as provided by the Revenue Commissioners, adjusted for deferrals and newly liable properties for 2023.
From 2023 onwards, 100% of the estimated yield is retained locally within the local authority area where it is collected. Previously, 80% of LPT was retained locally (before any local variation) and the remaining 20% provided equalisation funding to those local authorities with lower
property tax bases.

2024 Baseline ** Every local authority is entitled to receive a minimum amount of funding under the LPT allocation process known as Baseline. Following a review of LPT Baselines in 2023, all local authorities see a Baseline increase of at least €1.5m in 2024. Accordingly, the overall
LPT Baselines of local authorities are increased by €75.4m from €353m in 2023 to €428.4m in 2024.

Surplus*** Certain local authorities, with stronger property bases, will receive additional income in 2024 from LPT compared to their Baseline. These local authorities will use this surplus funding in two ways, with a portion available for their own purposes and the remainder, if any,
to fund some services in the Housing and Roads areas, thereby replacing Central Government funding. The portion retained for the authorities' own purposes is an amount equal to 22.5% of the total expected LPT Yield in their respective areas (before any decision to vary rates) or, in
the case where that surplus is less than 22.5%, the full amount.

2024 Local Variation Decision**** Local authorities may vary the rate of LPT in their administrative area by up to 15% of the basic rate of the Tax. Where an authority decides to vary the LPT basic rate upwards, it retains 100% of the resultant additional income collected in the local
authority area. Likewise, where the rate is reduced, the authority forgoes the full amount of the reduced LPT income collected. 22 local authorities resolved to increase their LPT rates above the basic rate for 2024, raising an additional €25.1m of LPT income. 4 local authorities
decided to reduce the basic rate locally, forgoing €32m in LPT income as a result of their decisions. The overall net loss arising from the variation decisions for 2024 is -€6.9m.