Local Property Tax (LPT)
Posted on 9 May 2013
As LPT is a self-assessed tax, you are obliged to determine the market value of any property for which you are the liable person. The market value of your property on 1 May 2013 will form the basis of the calculation of the tax for 2013, 2014, 2015 and 2016 and will not be affected by any repairs or improvements made to your property, or any general increase in property prices, during this period.
Any increase in the value of a property arising from expenditure on adaptations to make it more suitable for a disabled person will not be taken into account where the adaptations have been grant-aided under a local authority scheme. See www.revenue.ie for details on how to apply this adjustment.
The following may assist you in valuing your property:
● Property valuation guidance is available on www.revenue.ie
which includes an on-line guide that provides indicative property values. If you do not have internet access, terminals are available at Revenue Information Offices and local libraries. You can also contact the Citizens Information service for assistance: Phone Service: 0761 07 4000, Monday to Friday, 9am – 8pm or in person by calling to a Citizens Information Service near you.
The valuation guidance is based on:
The type of property e.g. detached, semi-detached, apartment etc.
The age of the property e.g. built before the year 2000 or after.
The average price of the type of property for the general area.
If your property has certain unique features, is smaller or larger than the average for your area, is in a significantly poor state of repair or has exceptional features, you will have to factor this into your assessment of the valuation of your property.
● The Residential Property Price Register at
produced by the Property Services Regulatory Authority (PSRA), provides an actual sales price of all properties sold since January 2010.
● You may choose to obtain a valuation from a competent professional valuer. Some valuers are offering a special price for LPT valuations.
● If you have purchased your property or obtained a professional valuation in recent years, you may use this valuation and adjust for any change in values in your area since the date of this valuation.
You should also refer to other sources of information relating to local properties such as the property section of local newspapers, information from local estate agents and property websites.
The Society of Chartered Surveyors (SCSI) have an informative guide; just click the link below; http://societyofcharteredsurveyorsireland.newsweaver.com/files/1/39665/69015/3574665/f4fb6513a552efe7a959dd33/SCSI%20LPT%20Public%20Guide%20_Web_.pdf