Conor Skehan on Revamping Local Property Tax: Make It Bigger, Braver, and Better – Here Are the Steps
In a recent discussion about local taxation, Conor Skehan advocates for a comprehensive revamping of the Local Property Tax (LPT). He argues that the current system must be bigger, braver, and better to effectively address the financial burdens faced by households.
Understanding the Current Local Property Tax System
The connection between tax payments and the services received by households is currently inadequate. Many older citizens reside in properties that have significantly increased in value. However, they often depend on fixed pensions, placing them in a challenging financial situation.
The Need for Reform
As the Local Property Tax filing deadline approaches, communities engage in discussions to find a consensus on appropriate tax bands. Residents aim for a balance—neither excessively high nor overly low taxes.
Community Sentiment on Taxation
- Taxation is essential for government revenue.
- It conveys societal values and fairness.
- Public tax sentiments reflect a desire for equitable structures.
Many people dislike paying taxes. Nonetheless, it is crucial to remember that taxes are not merely financial obligations. They represent the collective agreement on the wealth distributed across society, showcasing what is valued and protected.
Steps for a Better Local Property Tax
To achieve a fairer taxation system, several strategies can be implemented:
- Evaluate the current property valuations to reflect true market values.
- Adjust tax bands to accommodate the financial capabilities of local residents.
- Enhance transparency regarding how tax revenues are utilized to benefit the community.
Conor Skehan’s proposals aim to create a taxation framework that is responsive to the needs of all residents. By making the Local Property Tax bigger, braver, and better, local governments can establish a system rooted in equity and community support.
