Local Property Tax

Windfall corporation tax revenue has papered over cracks in the tax system

There’s very little upside to gaming Revenue on local property tax returns - and it could backfire

LPT is self-assessed but Revenue has several ways to ensure compliance now or in the future

Revenue says 1.6m property owners have provided updated valuations for their homes needed to determine their tax bills

Local politicians seem to be allergic to it and only ever use their discretion to keep it as low as possible

Homeowners are obliged to submit their own property valuation band before midnight on Friday

Local property tax is self-assessed and Revenue has several ways to ensure compliance now or in the future

The best news, analysis and comment from The Irish Times business desk

Randomly blocking homeowners from filing required updated property valuations does little to encourage compliance

More than 50,000 filed returns on Monday despite ‘intermittent issues’

Almost 10,000 returns have been successfully submitted through the LPT portal since the fix was deployed on Wednesday morning

Many people have reported being unable to file a return for at least the past four days

Some homeowners will see their bills more than double, but others will pay less next year

LPT bills will rise a little, but the tax system remains hugely reliant on corporate and personal income

Dublin changes will bring €16.5m in new revenues to the council after voluntary cut was scrapped

Gutting of the tax may be welcomed by homeowners, but it just means we’re reliant on more economically damaging taxes

Buying a property for very young people can present legal and practical issues even if not a tax bill

Government risks losing control of spending as it tries to do everything, everywhere, all at once

Failure to pay or assessing your property at a discount to its real value will inevitably come back to bite you

Dublin city councillors abandon discounts, with homeowners facing increases of between €18 and €797

Council set to abandon discount at same time as revaluation hits, with some homeowners facing rises worth hundreds

Most vote in favour of reduction that ‘will ease the burden on homeowners’

Property tax increases are designed to reflect a significant bounce in property prices over the past five years

Changes are being introduced to mitigate effects rising property values have on tax bills

With Sinn Féin taking the lead, contact grows between parties of the left, though Labour and the Social Democrats are wary of having their identities eroded

Dublin local authorities need money and only a have a few ways of getting it

Overall, nearly 1.5 million owners paid LPT for 1.88 million properties across the country in 2024

How do you calculate your home valuation for paying the Local Property Tax?

New rates of LPT will kick in next year

Paschal Donohoe expected to brief colleagues on proposed changes to LPT charging mechanism to limit the impact of rising property values on householders

Greed is far from the only reason so many buildings lie vacant and neglected, often in prime locations. A carrot-and-stick approach could help heal these festering sores in the capital

Tax is charged at three times the local property tax for dwellings occupied less than 30 days each year

Parties will make a raft of pledges during the election campaign - but voters would be wise to be sceptical about their delivery

Council agrees to keep 15 per cent reduction in 2025, with increases expected from 2026

The Greens, Labour and the Social Democrats share similar positions on a range of issues and could be well-placed to see those translated into policies by the next government

Fine Gael and Fianna Fáil councillors expected to agree to increases in exchange for Labour support

Labour withdraws from talks over Sinn Féin position on local property tax

Green Party Dublin City councillor Hazel Chu says that while some of the powers of councillors have been eroded in recent decades, they still play a key role in local Government

An aspect of the party’s proposals that has received little attention would prove significant for those earning over €100,000

Simon Harris will be looking to manage the delicate balance between raising revenue and keeping the electorate happy