Local Property Tax (LPT)
What is Local Property Tax (LPT)?
Local Property Tax (LPT) is charged on residential properties in Ireland, including rental properties. If you own a residential property on November 1st, you are liable for LPT for 2022 based on the value of your property.
Who pays LPT?
If you own residential property in Ireland on November 1st, you must pay LPT. The deadline for submitting your valuation is 7th November, 2021. If you own an exempt property, you still need to make a return to claim an exemption. Note that some previously exempt properties (including those built after 2013) are liable for Local Property Tax in 2022. To check if your property is exempt, click here.
How to Value Your Property
LPT is based on the open market value of your property as of November 1, 2021. You can assess the market value of your property yourself using the following resources;
The Revenue Property Valuation Guide will give you the average values for your area. You should adjust based on specific features of your property (i.e. is it smaller or larger than the average in the area). If you believe that the average band for your area is not reflective of the value of your property, you can utilise the Residential Property Price Register or engage a professional valuer.
The Residential Property Price Register will give you the price of properties that have sold in your area. You can gather the sale prices of similar properties to your home (age, size, type) and use this to help you arrive at your valuation. Be sure to add 13.5% VAT to the sales prices shown on the register.
You are not required to use a professional valuer. However, if you have exhausted the options above and are not satisfied, you may choose to use one to value your property.
How to Pay LPT
Local Property Tax Rates
LPT is based on market value bands, with the basic LPT rates for the valuation period from 1 January 2022 to 31 December 2025 shown below.
|Valuation band number||Valuation band €||LPT charge basic rate €|
|1||0 – 200,000||90|
|2||200,001 – 262,500||225|
|3||262,501 – 350,000||315|
|4||350,001 – 437,500||405|
|5||437,501 – 525,000||495|
|6||525,001 – 612,500||585|
|7||612,501 – 700,000||675|
|8||700,001 – 787,500||765|
|9||787,501 – 875,000||855|
|10||875,001 – 962,500||945|
|11||962,501 – 1,050,000||1,035|
|12||1,050,001 – 1,137,500||1,189|
|13||1,137,501 – 1,225,000||1,408|
|14||1,225,001 – 1,312,500||1,627|
|15||1,312,501 – 1,400,000||1,846|
|16||1,400,001 – 1,487,500||2,064|
|17||1,487,501 – 1,575,000||2,283|
|18||1,575,001 – 1,662,500||2,502|
|19||1,662,501 – 1,750,000||2,721|
Each Local Authority can increase or decrease the LPT rate, known as the Local Adjustment Factor, by up to 15% from the basic rate. The Local Adjustment Factor can change every year during the valuation period. You can check out the Local Adjustment Factor Rates here to check if your LPT charge for 2022 is different from the basic rate. If you are using the Revenue Property Valuation Guide, the local adjustment rate will be factored in already in the value band for your property.