Valuing your property

Valuing newly liable properties

Your newly built or renovated property may become liable for Local Property Tax (LPT) in 2027.

Your property is newly liable for LPT in 2027 if:

• it is a newly built residential property completed after 1 November 2025 and on, or before, 1 November 2026
• or
• it has been renovated and become occupied, or suitable for use as a dwelling, after 1 November 2025 and on, or before, 1 November 2026.

To determine if your property has become liable, please see Properties that become liable for LPT.

If your property has become liable for LPT, you must value the property as if it had existed in its completed state on 1 November 2025. When you have determined the value of your property you need to:

• submit your valuation as part of your LPT return on, or before, 2 December 2026
• and
• make arrangements to pay your LPT charge for 2027.

How you value your property depends on whether it is newly built, or newly refurbished to a habitable standard.

Newly built residential properties

To value your newly built property as at 1 November 2025, you can use Revenue's discount factor or other information sources.

Other information sources

In some cases, the market value may be difficult to self-assess. In such cases you should consult other Revenue or external sources to help you value your property as at 1 November 2025. You can refer to the following information sources:

• Revenue's interactive valuation tool.
• The Residential Property Price Register. If you are referring to the prices of newly built properties on the register, you should add Value-Added Tax (VAT) at 13.5%.
• Information from local estate agents.
• Commercial property sales websites such as daft.ie and myhome.ie.

When referring to the above sources, you should compare properties that are similar to your own. For example, you should compare similar properties in type, approximate size and age. You should not rely on one particular sale. Instead, you should consider a group of relevant sales close to 1 November 2025.

Newly habitable properties

Revenue's advice is that the discount factor should not be used to value renovated properties. The discount factor is calculated using the price characteristics of entirely new properties. Instead, please consult the 'Other information sources' above to determine the value that would have applied to your property on 1 November 2025.

Next: Factors that may affect your valuation