Valuing your property

Factors affecting your valuation

When determining the market value of your property, 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
  • a driveway
  • a 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 includes a lawn or flower beds, but not a haggard, farmyard or a commercial glasshouse. You should not include land used for farming purposes when determining 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,  relief was available for adapted properties that:

  • increased in value
  • and
  • moved into a higher LPT valuation band 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 apply 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, complete the Form LPT6A and submit it to 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 2021.

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

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