Valuing your property as at 1 November 2021

Overview

Local Property Tax (LPT) is a self-assessed tax based on your own valuation of your property. 

The next valuation date for LPT is 1 November 2021. This means that you need to self-assess the value of your property as at 1 November 2021. The valuation of your property on this date will determine the amount of LPT you pay for 2022, and for the three years from 2023 to 2025. 

The valuation date is specified in the Finance (Local Property Tax) Act 2012 

Revenue has provided an interactive valuation tool and guidance in this section of the website to help you determine the value of your property.

Even if your property is eligible for an exemption, you are still required to submit your valuation to Revenue in your LPT Return and claim the exemption in the Return. 

LPT valuation periods  

The first LPT valuation period started on 1 July 2013 and will end on 31 December 2021. The LPT charge that applied to a property each year from 2013 to 2021 was based on the self-assessed valuation of that property as at 1 May 2013. 

The second LPT valuation period will start on 1 January 2022 and will end on 31 December 2025. The LPT charge that will apply for 2022, and for each year from 2023 to 2025, will be based on your valuation of your property as at 1 November 2021.  

If your property is not liable for LPT for 2022, but becomes liable for 2023, 2024 or 2025, the property must still be valued as at 1 November 2021.

Revenue will publish further guidance on this in due course.

Next: How to value your property?