Valuing your property

Overview

Note

If your property has become liable for LPT, you need to value your property and submit your LPT Return by 2 December 2022.

You will find information in this section on how to value your property for Local Property Tax (LPT). 

LPT is a self-assessed tax based on your own valuation of your property. Your LPT charge is based on your valuation of your property as at 1 November 2021. Your valuation of your property on this date determines your LPT charge for the years 2022 to 2025.

Property owners were required to submit the valuation of their property by 7 November 2021. If you have not yet done so, you should do so immediately.  

Note:

If you have already submitted the value of your property as at 1 November 2021, no further valuation is required until 2025.

Your property is newly liable for LPT in 2023 if:

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

In such cases, you are required to value your property as if it had existed in its competed state on 1 November 2021. This will determine the amount of LPT you pay each year for 2023 to 2025.

For further information on whether your property is liable for LPT, please see Properties that become liable for LPT

If you have already submitted your LPT Return, but now want to amend your valuation, please see How to correct your Return

Next: How to value your property