The valuation date for Local Property Tax has been deferred again due to Covid 19. The new valuation date has been deferred from 1st November 2020 to 1st November 2021.
Minister Paschal Donohoe stated;
“With this new valuation date, there will be no change in LPT liabilities until 2022 at the earliest,”
Minister Donohoe is set to bring proposals to Government to implement commitments for LPT in early 2021.
“These proposals will be designed to ensure fairness and that most homeowners will face no increase in their LPT liabilities,” he said. “They will also bring new homes, which are currently exempt from the LPT or outside of the tax, into the taxation system. I will also seek to promote the other policy objectives that I consider should underpin the tax, i.e. protecting the overall LPT yield; maintaining the tax base with a small number of exemptions and upholding the progressivity of the tax.”
This means that homeowners continue to have their LPT value based on 2013 declared values
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