Valuing your property

Factors affecting your valuation

When you are determining the market value of your property, you should consider if any of the factors below will influence your valuation.

What happens if your property is affected by pyrite?

An exemption is available for residential property owners whose properties have been certified as having significant amounts of pyrite damage. This may affect the value of your property.

What happens if your property includes land?

Local Property Tax (LPT) is payable on the house and other lands associated with the property up to one acre.

This also includes amenities enjoyed with the property as follows: 

  • a yard, gardens or shed
  • driveway
  • garage.

What if your house is in the middle of a farm?

The farm is not residential property and will not be liable for LPT. However, the house and any building, garden or yard (up to one acre) that is usually enjoyed with the house will be liable for LPT.

Land would include a lawn or flower beds, but not a haggard, farmyard or a commercial glasshouse. In the case of a farmhouse, you should not include any land used for farming purposes in the market value of the farmhouse.

What if your property was adapted for use by an incapacitated person?

You may qualify for a reduction in the market value of your property. For further details please see the guidelines on Local Property Tax Relief for Disabled/Incapacitated Individuals.

Reduction in chargeable value

Relief is available from LPT if the following conditions are met:

  • a residential property has been adapted to make it more suitable for use by a person with a disability
  • the adaptation has increased the value of the property.

A reduction in the market value of a residential property (for LPT purposes) is permitted where:

  • the property is adapted to make it more suitable for use by a disabled person
  • it is occupied as a sole or main residence by a disabled person following its adaptation
  • the adaptation has increased the valuation of the property.

For the years 2013 to 2016, the relief was available for adapted properties that increased in value and moved into a higher valuation band for LPT purposes  - Form LPT6.  However, no relief was available if the property value did not move into a higher band.

From 2017, an annual reduction of one band (maximum €90) may be granted where the adaption increases the value of the property.

If you adapt your property and you meet the qualifying criteria, you may qualify for relief from the next liability date.

To claim relief for an adapted property and reduce the liability by one band, you should complete Form LPT6A and submit it to the LPT Branch.

If you qualified for the relief and recorded the reduced value on your 2013 LPT return, this valuation will continue to apply until the end of 2020.

For further details see further guidance to the right of this page.

What if you live in a granny flat?

Legally, any building or part of a building in use or suitable for use as a dwelling including a granny flat, is a separate residential property for LPT purposes. This means that the granny flat and the main property have separate LPT liabilities.

If the same liable person owns the granny flat and the main property, Revenue may allow both buildings to be valued as one property for LPT purposes.

Next: What if the value declared for your property was incorrect?