Residential property owners who own a property on 1 November 2021 are liable to pay Local Property Tax (LPT) for 2022. This requires the home owner to self-assess the value of their property at 1 November 2021. This valuation will determine the amount of LPT payable for 2022 and for the three years from 2023 to 2025.

For residential properties which were built after 2013, LPT may not have been liable for the previous valuation period i.e. from 2013 to 2021. However, these properties will now be liable for LPT for the upcoming valuation period from 2022 to 2025 on 1 November 2021. 

What is required for 2022?

To meet the LPT obligations for 2022, the property owner is required to do the following:

• determine the market value of the property at 1 November 2021;
• submit the LPT Return, including your valuation, by 10 November 2021; and
• pay or make arrangements to pay the LPT charge for 2022.

The payment deadline date remains the same as in prior years (see below).

The LPT return and payment can be made online through the LPT online service using the following log in information:

• Property ID;
• PIN; and
• Personal Public Service Number (PPSN) or Tax Reference Number.

Revenue will supply the property owner with a letter stating the Property ID and PIN.

How to Value the Property

The property owner may avail of any of the follow methods of valuation when carrying out the self-assessment:

• the Residential Property Price Register;
• Revenue’s interactive valuation tool;
• a professional valuation; or
• comparative information relating to local properties, such as newspapers, local estate agents and commercial property sales websites.

Certain lands or buildings that are associated with the property such as the garden and driveway should be included in the valuation.

The property owner should keep a copy of all information sources and documentation used to arrive at the valuation of the property.

Payment dates

Payments made via will not be deducted from the tax payer’s bank account until.

See our Tax Advisory offering