The Finance (Local Property Tax) Act 2012 (as amended), makes specific provision that elected members of a local authority may pass a formal resolution to vary the basic rate of the Local Property Tax for their administrative area by a percentage known as the local adjustment factor. At the meeting set by Galway City Council to consider this matter, the members may set a local adjustment factor within the range +/- 15% of the basic rate, or, may decide not to adjust the basic rate.
