Valuing your property as at 1 November 2021
How to use the interactive valuation tool
The interactive valuation tool that Revenue has provided indicates the average valuation band for properties by ‘Small Area’. ‘Small Areas’ are compiled by the National Institute of Regional and Spatial Analysis, on behalf of Ordnance Survey Ireland. Small Areas are also used by the Central Statistics Office (CSO), for example, to publish Census statistics. There are about 18,600 Small Areas in Ireland, usually with 50 to 200 properties in each.
How to find your area on the valuation tool map
You can find your property on the valuation tool map simply by:
- entering your property’s Eircode or address
- selecting your property’s general location from the dropdown list.
If you do not already know your property’s Eircode, you can find it easily at finder.eircode.ie.
You can zoom in on the map to select your property’s area and view the information on your:
- Local Authority
- electoral district
- small area reference
- valuation band.
The valuation band provided is the estimated average valuation band for residential properties in each Small Area. It does not reflect a specific market value for any individual property in that area.
You should consider the specifics of your own property in comparison to other properties in your area. Your property may have certain unique features that you should take into account to assess whether its value falls within the average valuation band for your area. For example, your property may be smaller than the average property size in your area if there is a mix of property types in the area, ranging from apartments to large houses.
As Local Property Tax (LPT) is a self-assessed tax, you are responsible for assessing whether the average valuation band for your area does or does not apply to your own property. If the average valuation band on the valuation tool map does not reflect your property’s value, you should refer to the other information sources described on the next page.
How the average valuation bands are calculated
The average valuation bands for each area have been calculated based on:
- property valuations as at 1 May 2013 that were submitted to Revenue for the first valuation period
- information produced by the CSO on property price trends between 2013 and 2020
- information on property sales between 2018 and 2020 from Revenue’s Stamp Duty records.
Information on property sales is only applied in the calculation for a Small Area if there were more than five properties sold in that Small Area between 2018 and 2020.
The calculation method used in the valuation tool can mean that the average valuation band displayed for your area has been affected by specific or local factors. For example:
- there may be a mix of property types in the area, ranging from apartments to large houses
- there may have been a number of properties sold in your area between 2018 and 2020 that are unlike most other properties in the area, in size or type, such as a small new estate
- there may have been variations within the area in the valuations as at 1 May 2013, that were submitted to Revenue.
The valuation band that is displayed on the valuation map for each Small Area is based on either:
- the average valuation band for the Small Area
- the average valuation band for the Local Authority.
For some Small Areas, Revenue does not have enough data to reliably calculate an average valuation band for the properties in that Small Area. In those cases, the average valuation band for the Local Authority is displayed on the valuation map instead.
The data and calculations that have been used to create the interactive valuation tool are explained in more detail in the LPT Valuation for 2021 – Technical Paper.
Next: Other information sources for valuing your property