You may already have been contacted by Revenue with regards to your Local Property Tax. If you have your property is liable for Local Property Tax (LPT) for 2022 if it is a residential property on the valuation date of 1 November 2021.
LPT is a self-assessed tax. This means that you need to self-assess the value of your property at 1 November 2021. The valuation of your property on this date will determine the amount of LPT you pay for 2022 and for the three years from 2023 to 2025.
To meet your LPT obligations for 2022, you need to do three things:
- determine the market value of your property at 1 November 2021
- submit your LPT Return, including your valuation, by 7 November 2021
- pay or make arrangements to pay your LPT charge for 2022.
Revenue will issue you with a letter (through MyAccount, Revenue Online Service (ROS) or the post) in advance of the valuation date of 1 November 2021. Your Property ID and PIN will be included and these are also shown on any previous LPT correspondence you may have received from Revenue.
The letter will:
- confirm your online LPT record for 2022 is available.
- give you information on submitting your LPT Return and payment.
The easiest way to submit your LPT Return and pay your LPT charge is online. You can use your existing login details for myAccount or Revenue Online Service (ROS). Alternatively, you can log in directly to the LPT online service. To login, you will need your:
- Property ID
- PIN
- Personal Public Service Number (PPSN) or Tax Reference Number.
Even if your property is eligible for an exemption, you are still required to submit your valuation to Revenue in your LPT Return and claim the exemption in the Return.
LPT details on Revenue’s website are available HERE.
Finance (Local Property Tax) Act 2012 (as amended) click HERE.