Valuing your property

Overview

Note

If your property has become liable for the first time in 2025, you should have submitted your LPT Return by 2 December 2024.

 If you have not yet filed your return, you should do so immediately.

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.

If your property was liable for LPT in 2024, you should have already submitted your valuation on your LPT Return. 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 1 November 2025.

Newly liable properties

Your property is newly liable for LPT in 2025 if:

• it is a newly-built residential property completed after 1 November 2023 and on, or before, 1 November 2024
• or
• it has become occupied, or suitable for use as a dwelling, after 1 November 2023 and on, or before, 1 November 2024.

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 for 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