Valuing your property
Factors that may affect your valuation
Regardless of whether your property is eligible for an exemption or not, you are still required to value your property and submit your Local Property Tax Return.
Properties affected by pyrite or defective concrete blocks
LPT exemptions are available for residential property owners whose properties have been affected by pyrite or defective concrete blocks.
If your property is not eligible for the above LPT exemptions, you can still take account of pyrite or mica damage when valuing your property.
Properties with associated land and other buildings
When you value your residential property for LPT, you should include the value of lands and other buildings associated with your property. This includes lands or buildings that have domestic or residential purpose, or an amenity value for the property, such as a:
- yard, garden or patio
- driveway or parking space
- garage, shed or greenhouse
- garden room or home office.
Where the land associated with your property is greater than one acre in size, land up to one acre (0.4047 hectares) should only be valued with the property. The part of the land that is to be valued is the part that is most suitable for enjoyment with the property. This is generally the land closest to the property, for example, the land is used as a garden or yard.
Residential properties on a farm
The following do not have to be valued with a residential property:
- land adjoining a farmhouse that is used as farmland
- sheds used for farming purposes, for example, those used to store hay or house farm animals.
‘Granny flats’ and bedsits
A part of a building, that is in use or that is suitable for use, as a dwelling is generally treated as a separate residential property. For example, a self-contained ‘granny flat’ that adjoins the main property is liable for LPT.
However, where the 'granny flat' and the adjoining property is owned by the same person, it may be possible to value them as a single property. If you wish to do this, you should submit details of the layout of the property and its ownership to Revenue's LPT Branch.
Where a building contains units that are not suitable for use as self-contained dwellings, such as a bedsit, the building as a whole should be valued for LPT purposes in the same LPT Return.
Properties adapted for occupation by a person with a disability
You may be permitted to reduce your self-assessed property valuation that you provide in your LPT Return. If you are eligible for this relief, you can reduce your valuation by €87,500, which is the width of most the LPT valuation bands. This will move your valuation into a lower valuation band and reduce your LPT Charge.
The amount of the reduction will depend on the initial self-assessed valuation band for your property.
You are eligible for this relief if:
- you adapt your property to make it suitable for a person with a disability
- the value of your property is increased as a result of the adaptation work
- your property is occupied by a person with a disability as their sole or main residence
- you receive a local authority grant towards the cost of the adaption work or, in the absence of a grant, you received approval from Revenue for the relief.
The person with a disability who occupies the adapted property does not have to be the owner of the property.
To claim relief for an adapted property, you should complete Form LPT6A and submit it to Revenue for approval.
A full exemption is available for properties that have been constructed, acquired or adapted for a person who is permanently and totally incapacitated. For more information on this exemption, please see Properties purchased or adapted or built for use by incapacitated persons.
Next: How your LPT charge is determined