Action required by 7th November 2025
As we approach November, it’s important to prepare for your Local Property Tax (LPT) obligations for 2026. This year it’s not just about arranging the payments for the next year you need to value and file a new LPT return as well.
The new fixed valuation period for the years 2026 to 2030 will be based on the value of your property on 1 November 2025.
The filing date is 7th November so here’s a quick guide to what you need to do and the key dates to keep in mind.
This valuation is important as it will set your LPT charge for the next five years (2026–2030).
Assess the market value of your property as of 1 November 2025. You can use the Revenues interactive valuation tool for this, which is available on their website, interactive valuation tool and just enter your Eircode or address. View the map to identify the valuation bands.
There are 19 bands for properties up to the value of €2.1 million, specific market valuation applies to properties valued over €2.1 million.
There is also a local authority adjustment factor which can increase or decrease the LPT rate from the basic rate.
You are responsible for assessing whether the average valuation band for your area applies to your property.
Log in to your LPT account here with your PPSN, Property ID and your Pin to hand.
You will find these details on your LPT correspondence from Revenue.
Select and confirm the band for valuation.
Decide how you will pay your LPT for 2026.
You can choose to pay in a single payment or opt for instalments.
Then you can sign and submit your online LPT form.
It is important for many reasons including claiming the Mortgage Interest Tax Credit or ensuring you receive your funds quickly when selling your property. In addition, failure to meet your Local Property Tax obligations may result in you receiving an unwelcome Revenue letter.
Local Property Tax has been around since 2013 and is calculated on the market value of residential properties in the Republic of Ireland. It applies to any building (or part of) which is used as, or suitable for use as, a dwelling and may include its surroundings and other structures that belong to the residence such as garages and sheds.
You must consider Local Property Tax if you are a:
The property may be exempt from Local Property Tax under certain conditions, but a return to claim it must still be made.
Deferral of payment may also be available to you depending on your circumstances. If deferring a payment then interest accrues on the unpaid amount until paid.
In our experience many people only realise they have a problem when they receive an amended assessment from Revenue with a hefty surcharge and a comment: ‘non−compliance with LPT requirements’.
The first thing to note is not to panic, the surcharge only grabs your attention and typically will be removed or reduced to 50% of the actual Local Property Tax liability.
You should ideally have your PPSN, property ID and secure pin to hand and then follow the steps below:
If you don’t pay, or don’t make a return, you could be liable for a Local Property Tax surcharge.
Revenue can instruct an employer to deduct and pay the Local Property Tax due, they can put an attachment on your bank account and refuse tax clearance certs, interest at 8% per annum and fines may also apply.
If you are a chargeable person (e.g., a Proprietary Director or sole trader) or have a company and fail to meet your Local Property Tax requirements an automatic 10% LPT surcharge applies to your income tax/corporation tax return. This is regardless of whether these taxes have been filed and paid on time.
EXAMPLE
“Sheila is a company owner and files her 2024 income tax return on time and she has no additional tax to pay as she had paid her income tax of €15,200 through the payroll system in 2024. A few weeks later she receives an amended Income tax assessment from Revenue with a startling surcharge for non-compliance with Local Property Tax of €1,520. The amount bears no resemblance to her actual LPT charge of only €500 as the surcharge imposed is based on her income tax albeit fully paid.”
The good news is that the surcharge will be capped (at 50% of LPT liability) but action is necessary by Sheila to bring her LPT returns and payments up to date and the surcharge removed or reduced.
Remember, tax laws and interpretations can change, so it’s important to get the most current advice based on your specific circumstances. Understanding the system and insightful planning can make that financial difference for you and your family. So when you’re ready to discuss your needs make sure to talk to our team of tax experts or your Dedicated Account Manager. Book a call here.
Last updated 02 10 2025
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