In short
Local Property Tax (LPT) is a yearly tax on homes in Ireland, paid to Revenue by the owner. The amount depends on the valuation band you declare for your property. Being up to date matters, because some credits, such as the Mortgage Interest Tax Credit, require you to be LPT compliant.
Who pays
Generally the owner of a residential property on the valuation date, including landlords. Some properties are exempt, and some owners can defer payment if their income is below certain limits.
How the amount is set
You declare which valuation band your property falls into on the valuation date. Each band has a set charge, and your local authority can adjust the rate up or down.
How to pay
- Deduction from your salary or pension
- Direct debit, card, or a single payment
- Through a payment service provider
Why it matters for your income tax
If you're not LPT compliant, some credits and reliefs may be refused, and Revenue can deduct unpaid LPT from your salary. Check your LPT status in Revenue's LPT online service before claiming the Mortgage Interest Tax Credit.
Sources
Revenue: Local Property Tax. Check the current valuation period and bands on revenue.ie ◆.
General information, not advice on your own situation. TaxMind checks your record before filing anything.
