Local Property Tax (LPT) - How much will it cost me?

Posted on: 01 Oct 2021

Local Property Tax (LPT) - How much will it cost me?


What is LPT and What has Changed?

LPT is a self-assessed tax on residential property. The rate of tax due is based on the value of your home. Therefore, if the value of your home increases, the rate of tax increases. The LPT valuations to date have been based on the value of your home in 2013. Now, for LPT purposes, your home will be revaluated to reflect the price at 1 November 2021. This valuation will determine the amount of LPT payable for the years ranging from 2022 to 2025.

Who is Liable? Anyone who is an owner of a residential property on 1 November 2021 is liable to pay LPT. This year will be the first year that a lot of taxpayers will pay LPT due to the expiration of previous exemptions given to houses that were built post 2013. 

How Much has it Increased By? Given that house values have increased substantially since 2013, it is reasonable to expect that your LPT would increase also. However, the rates and bands have increased to offset some of this potential additional liability.

An example of this is seen in Band 3 per the below table. In 2013, a Band 3 property would be valued between €150,000 - €200,000 with an LPT rate of €315. In 2021, Band 3 is now valued between €262,501 - €350,000 with an LPT rate of €315. Therefore, it is hoped that most property owners will pay similar rates for LPT (table below shows 7 of 19 Bands)






House Value


House Value







Band 1

€0 - €100,000


€0 - €200,000


Band 2

€100,001 - €150,000


€200,001 - €262,500


Band 3

€150,001 - €200,000


€262,501 - €350,000


Band 4

€200,001 - €250,000


€350,001 - €437,500


Band 5

€250,001 - €300,000


€437,501 - €525,000


Band 6

€300,001 - €350,000


€525,001 - €612,500


Band 7

€350,001 - €400,000


€612,501 - €700,000



What do you need to do?

There are three things you must do to meet your obligations:

  • Determine the market value of your property at 1st November 2021
  • Submit your LPT return, including your valuation, by 7 November 2021
  • Pay or make arrangements to pay your LPT charge for 2022


  1. Determining the Value of Your Property

The next valuation date for LPT is 1 November 2021. The valuation date is for all residential properties in Ireland (Revenue are yet to disclose any details of LPT exemptions).

How to Value your Property

  1. Revenue’s Interactive Tool

You can enter your Eircode into the tool below which gives the value of houses in your area. See link here:


  1. The Residential Property Price Register

If you are not satisfied with Revenue’s valuation, you can view the value of properties sold in your area and use it as evidence as to why you believe your house should be valued either over or under Revenue’s guidelines. See link here:


  1. Professional Valuation

You may also obtain a professional valuation to submit to Revenue.


  1. How to Submit your Return


  • Revenue will issue you a letter through either your MyAccount or via Post.
  • This will confirm your LPT obligation and further information such as significant dates
  • This letter will have your Property ID and PIN, which alongside your PPS number is necessary to login to the LPT online service
  • Simply logon and complete the return

In limited circumstances, you can submit your LPT return via post on Form LPT1.

Please note that Revenue has made an estimate for the LPT liability for all properties in Ireland. Should you not submit your return by the deadline of 7th November 2021, this valuation will result in LPT becoming payable whether you file a return or not. However, this amount will remain an estimate and as such, you will have to submit an LPT return eventually.

Also please note, that even if you avail of any exemptions for 2022 (which are yet to be announced), you must file a return.


  1. How to Pay your LPT liability

If filing your return online, you have the following payment options:

  • Single Payment in Full – Annual Debit Instruction (paid on 21 March 2022), or a one-off cash/cheque payment (paid by 12 January 2022)
  • Phased Payments – Monthly Direct Debit, Weekly/Monthly cash payments, deduction at source from your salary/wages/pension (payments commence monthly payments on 15 January 2022)


Please note that if you already pay LPT via a recurring payment other than a cash payment, Revenue will continue to use this method to collect the liability.


If you have any further queries regarding LPT, please do not hesitate to contact either myself or one of my colleagues.

Kind Regards,

Kevin Canning