Local Property Tax (LPT) liability

Properties that become liable for LPT

If your property is a residential property on 1 November 2022, it is liable for LPT in 2023. In most cases, this means that your property may become liable for LPT in 2023 if:

  • it is a newly built residential property
  • or
  • it has become occupied, or suitable for use as a dwelling, between 1 November 2021 and 1 November 2022.

Newly built residential properties

If you purchased, or built, a new residential property between 2 November 2021 and 1 November 2022, it will be liable for LPT in 2023 if, on 1 November 2022, it is:

  • occupied
  • or
  • suitable for use as a dwelling. 

If your newly-built property has become liable for LPT, you need to value your property and submit your LPT Return by 2 December 2022. You are required to value your property as if it had existed in its completed state on 1 November 2021.

Revenue discount factor

You can apply a discount factor when valuing your property which was newly built or completed after 1 November 2021. The discount factor will help you determine the value of your property as if it had existed on 1 November 2021. The discount factors are outlined in the table below. The examples further below explain how you should apply the discount factor.

Revenue discount factors
Date new residential property was completed or purchasedRevenue Discount Factor
2 November 2021 – 31 December 2021 1.00
1 January 2022 – 31 March 2022 1.01
1 April 2022 – 30 June 2022 1.03
1 July 2022 to 1 November 2022 1.06

You should use the discount factor above if you purchased your newly built property on the open market. The LPT bands increase in ranges of €87,500. Due to this, application of the discount factor may not result in a change of LPT band. In many instances, the LPT valuation band may be the same as the Original Market Value (OMV) of the property.

If you self-built your property, you can use the discount factor if you can self-assess the value of your property when it was completed. You can then apply the relevant discount factor to your self-assessed valuation to determine the value of your property as if it had existed on 1 November 2021. Alternatively, you can consult other information sources.

In some cases, the OMV may be difficult to self-assess. In such cases you should consult other Revenue or external sources to help you value your property as at 1 November 2021.

Properties that have become suitable for use as a dwelling

Your property may not have been previously liable for LPT if it was unsuitable for use as a dwelling. For example, a partially collapsed property with no sanitary facilities is not suitable for use as a dwelling. 

However, if such a property was renovated, and is now suitable for use as a dwelling, it is liable for LPT. The property will become liable for LPT in 2023 if, on 1 November 2022, it is:

  • occupied
  • or
  • suitable for use as a dwelling.

Revenue’s advice is that the discount factor should not be used to value renovated properties. The discount factor is calculated using the price characteristics of entirely new properties. You should consult other Revenue or external sources to help you value your property as at 1 November 2021.

For further information on how Revenue has calculated the discount factor, please see Technical Note on Discount Factors.

What you need to do

You must register your property with Revenue if it has not previously been registered for LPT or Stamp Duty. For further information, please see Register a Property for Local Property Tax (LPT).

If your property has already been registered for LPT, you should access your Revenue Property Record

When you have determined the value of your property as at 1 November 2021 you will need to:

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