Dublin City councillors have refused to increase the local property tax at a special meeting this evening.
Sinn Féin - the largest party on the council - along with Fine Gael, Fianna Fáil and People Before Profit voted against the increase which was defeated by 42 votes to 11.
The Labour Party and The Green Party voted in favour.
Dublin city councillors have applied the maximum 15% reduction allowed under the legislation since the tax was introduced.
Council management had recommended an easing of the reduction to 10% saying this would mean €4m in extra revenue.
The council's Chief Executive Owen Keegan said the tax increase could fund the recruitment of more apprentices, street cleaning staff, smart compactor bins and improvements to library services.
Mr Keegan said for 80% of householders the increase would be a maximum of just under €25 year.
Public consultation revealed that 78% of respondents did not want any increase.
City councillors voted against the increase with many complaining that 20% is taken from Dublin and distributed to other local authorities.
Fingal councillors voted to increase property tax with just a 10% reduction in the rate but Dun Laoghaire-Rathdown councillors voted to keep the 15% reduction.
Councillors in South Dublin are due to vote on the issue next Monday.
Meanwhile, developers of student accommodation in Dublin will have to provide a map showing similar developments within 1km.
This follows a vote by city councillors to amend the development plan.
Councillors have expressed concern that the concentration of student accommodation in the city centre could lead to a transient population.
Cllr Críona ní Dhálaigh of Sinn Féin said there are 2,000 units of student accommodation built and planned in one small area of the Liberties.
Councillors voted that applications for student accommodation should show other such developments within 1km instead of 250 metres at present.