Local Property Tax to be revalued by 1st November

by | Sep 29, 2021 | Advice

As we noted in previous blogs, don’t forget that if you are a homeowner, you need to register your property for Local Property Tax (LPT) and confirm it’s value by 1st November 2021.

First time buyers and new homes bought since 2013, which were previously exempt are now liable for property tax.

The new agreed tax bands for LPT are below;

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Image credit Journal.ie

 

 

You can pay your LPT in full by;

  • Debit/credit card: This option is available online.
  • Annual Debit Instruction (ADI): Under a single debit authority you can authorise your bank or financial institution to pay Revenue the specified amount of LPT due. This amount is taken from your bank account in one deduction on 21 March 2022 and is paid directly to Revenue.

You can pay your LPT in instalments through;

  • Monthly Direct debit
  • Deduction at source from salary or occupational pension. You need your employer or pension provider’s name and tax registration number. This number is on your Employment Detail Summary and may be on your payslip.
  • Deduction at source from certain social welfare payments*
  • Deduction at source from certain scheme payments made to farmers by the Department of Agriculture, Food and the Marine (DAFM)
  • Cash or debit/credit card payments through certain payment service providers (you can check the list on revenue.ie). A transaction charge usually applies.

*The payments are State Pension (Contributory or Non-Contributory), Widow/Widower’s or Surviving Civil Partner’s Contributory or Non-Contributory Pension, One-Parent Family Payment, Invalidity Pension, Carer’s Allowance, Disability Allowance and Blind Pension. You should note that the Department of Social Protection (DSP) will not make deductions

To submit your return and set up payment, click here Revenue’s LPT Portal

 

While you are here, catch up on our previous blogs here!