Valuing your property as at 1 November 2021

How to correct your property valuation

Your Local Property Tax (LPT) Return, including your self-assessed property valuation, should be submitted to Revenue by 7 November 2021. Your LPT Return applies to the valuation period from 1 January 2022 to 31 December 2025. 

You can amend your LPT Return after 7 November 2021 if you determine that you have:

  • under-valued your property in your LPT Return
  • over-valued your property in your LPT Return
  • incorrectly claimed an LPT exemption or payment deferral
  • or
  • not claimed an LPT exemption or payment deferral to which you were entitled. 

Your LPT liability amount will be recalculated and will:

  • replace the original LPT liability amount for 2022
  • form the basis for your LPT charge for 2023, 2024 and 2025. 

If the LPT liability for 2022 has increased as a result of the correction to the LPT Return, this increased liability will become payable by you immediately and may be subject to interest.

How to correct a property under-valuation 

You can revise your property valuation upwards through the online Correct Return service, using your existing login details for myAccount, Revenue Online Service or the LPT online service

Your revised valuation should reflect the market value of your property as at 1 November 2021. You do not need to revise your valuation if you think your property has increased in value since 1 November 2021. Your valuation on that date determines the amount of LPT you pay each year during the valuation period from 2022 to 2025.

If you revise your property valuation, as at 1 November 2021, upwards at a later date, your revised valuation will apply to all years in the valuation period. Any additional LPT charge due may be subject to interest.  

How to correct a property over-valuation 

If you determine that you have previously over valued your property you should contact the LPT Branch in Revenue and request an amendment to your original valuation as at 1 November 2021. 

Your revised valuation should reflect the market value of your property as at 1 November 2021. Events or developments after 1 November 2021 cannot retrospectively affect this valuation. For example, you should not revise your valuation if you think your property has decreased in value since 1 November 2021, due to a subsequent general decrease in property prices.

You should include the following information in your request to Revenue to amend your property valuation as at 1 November 2021:

  • how the original over-valuation arose
  • confirmation of the revised valuation band that you have self-assessed
  • documents to support the revised valuation band, to include at least one of the following:

You may also provide photographs of the property which clearly indicate the features that influence a lower valuation than the original valuation you submitted in your LPT Return. 

All documents you supply should reflect the valuation date of 1 November 2021. 

How to amend an incorrectly claimed exemption or payment deferral 

If you claimed an LPT exemption or payment deferral to which you are not correctly entitled, you can correct your LPT Return through the online Correct Return service, using your existing login details for myAccount, Revenue Online Service or the LPT online service

Any additional LPT charge due may be subject to interest. 

How to claim an exemption or payment deferral 

If you were entitled to an exemption or payment deferral that you did not claim in your original LPT Return, you should contact the LPT Branch in Revenue. You should include the following information when you submit your claim:

Revenue may request additional information from you before determining the validity of your claim.