Local Property Tax (LPT) Last Chance To Pay – 31 March 2014!!

If you are a residential property owner for one or more properties and you: Haven’t paid the 2012 Household Charge, or Haven’t filed and paid your 2013 and 2014 LPT, or Have undervalued your property, or Claimed an exemption you were not entitled to, you have until 31 March 2014 to bring your LPT affairs (including the Household Charge) up to date and avoid interest and penalties. This is your last opportunity to pay before Revenue launch a nationwide compliance programme. Please note that if you do not avail of this opportunity interest will be charged […]

€200 Annual Charge on Non Principal Private Residences

  The Local Government Act 2009 introduced a  €200 annual charge on non principal private residences, payable by owners to the local authority in which the property in question is situated.   Collection of the charge for 2013 commenced on 31 March 2013. The 2013 charge is based upon the ownership of the property on 31 March 2013.   The 2013 charge must be paid on or before 30 June 2013 to avoid late payment fees.   Late payment fees are significant and any accumulated late payment fees will form a charge on the property concerned. It […]

Local Property Tax – Employers Responsibility

The Local Property Tax (LPT) deadline for filing paper returns has now passed and individuals liable to the LPT have until 28 May 2013 to file the LPT return electronically. When filing the return the Revenue gives property owners the option to pay their LPT for 2013 in one single payment or to phase their payments over the period from July to December 2013. One of the phased payment options being made available is the deduction at source from salary or occupational pension. Therefore employers will be required to make this facility available to their employees from […]

Local Property Tax

A new guide to help calculate local property tax! An online interactive guide is now available on www.revenue.ie to assist property owners in the valuation of their property and calculation of their LPT liability. This provides a guide to average market values of properties in a given locality and offers an indicative valuation band for properties depending on type, age and location. It does not provide market values for individual properties. The guidance is primarily based on the market value of properties sold since the year 2010 in the area, adjusted for average price movements in the […]

Property Tax Letters

On Monday 11 March 2013 Revenue  begun sending letters  to about 1.6m households regarding the Property Tax. The first payments will be demanded in May. An online property valuation guide is now available on the Revenue website to allow property valuations to be checked. The Revenue Commissioners anticipate a 97% compliance rate PDF

The Local Property Tax (LPT)

LPT is based on the market value of the property. The property owner is required to self – assess the value of their property as at 1 May 2013. Where the property is valued at €1m or lower, the tax will be based on the mid – point of the relevant band at a rate of 0.18%. For properties valued over €1 million the tax will be charged at 0.18% on the first €1million of value and 0.25% on any balance in excess of €1million, with no banding applied. The LPT comes into force on 1 […]