Property Tax in Ireland

The Property Tax is to be known as the Local Property Tax or LPT. It is going to be a self assessment system. Each home owner will be expected to assess the market value of their home which will involve choosing a 'valuation band' .

The Local Property Tax (LPT) is to be in place by July 2013.  The Revenue Commissioners will be sending out about 1.9 million LPT Return forms during March 2013. The forms will be sent to to all those people they believe are residential property owners 

The Dept of Finance say that Revenue will provide indicative property values to each property owner. 

The valuation date is May 1st 2013 .

Owners will be allowed to choose a different valuation band themselves or use a professional  valuer.  

The tax rate is based on 0.18% for the first €1M of value.  Properties valued over €1M will be assessed at the actual value (no banding will apply) i.e., €1,800 plus 0.25% of the portion of the value above €1m.



Need assistance with the new property tax or would like to request a valuation?    

Contact us on 01 660 7988 or email: patrick@valuations.ie

Valuation
bands €
0 - 100,000
100,001 - 150,000
150,001 - 200,000
200,001 - 250,000
250,001 - 300,000
300,001 - 350,000
350,001 - 400,000
400,001 - 450,000
450,001 - 500,000
500,001 - 550,000
550,001 - 600,000
600,001 - 650,000
650,001 - 700,000
700,001 - 750,000
750,001 - 800,000
800,001 - 850,000
850,001 - 900,000
900,001 - 950,000
950,001 - 1M

Mid-point
of band
50,000
125,000
175,000
225,000
275,000
325,000
375,000
425,000
475,000
525,000
575,000
625,000
675,000
725,000
775,000
825,000
875,000
925,000
975,000

LPT 2013
(half year)
45
112
157
202
247
292
337
382
427
472
517
562
607
652
697
742
787
832
877

LPT 2014
(full year)
90
225
315
405
495
585
675
765
855
945
1,035
1,125
1,215
1,305
1,395
1,485
1,575
1,665
1,755