Under the Finance (Local Property Tax) Act 2012 as amended by the Finance (Local Property Tax) (Amendment) Act 2013 an annual Local Property Tax (LPT) charged on all residential properties in the State came into effect in 2013. A half year payment is due in 2013, with a full year payment due in 2014. The LPT will be collected by the Revenue Commissioners.
If you own a residential property in the State you will be liable for payment of the tax.
Residential property is any building or structure (or part of a building) which is used as, or is suitable for use as, a dwelling and includes grounds of up to one acre. The LPT does not apply to development sites or farmland.
The tax payable is based on the market value of relevant properties. The LPT is a self-assessment tax so you calculate the tax due based on your own assessment of the market value of the property. Revenue does not value properties for LPT purposes but provides guidance on how to value your property.
The Local Property Tax (LPT) replaces the Household Charge which was abolished from 1 January 2013. Household Charge arrears that are not paid by 1 July 2013 will be converted into LPT and collected by the Revenue Commissioners through the LPT system. The Non-Principal Private Residence (NPPR) charge on second homes applies for 2013 and should be paid to the relevant local authority.
