Local Property Tax - what you need to do for 2022
Determining the value of your property
The valuation date for Local Property Tax (LPT) is 1 November 2021. This means that you need to self-assess the value of your property as at 1 November 2021. Your valuation of your property at this date will apply each year from 2022 to 2025.
The valuation date is specified in the Finance (Local Property Tax) Act 2012 (as amended).
How to value your property
You can value your property, as at 1 November 2021, by referring to the following interactive tool and information sources for guidance:
You should keep a copy of any information sources and documentation that you use to determine the market value of your property.
Detailed guidance on how to value your property is in the Valuing your property section of this website.
What you should include in your valuation
Once you have determined the value of your property, you will need to submit your LPT Return. For more information on submitting your Return, please see Submitting your Local Property Tax Return.
For valuation purposes, a residential property also includes certain lands or buildings that are associated with the property, that have domestic or residential purposes, such as:
- a yard, garden or patio
- a driveway or parking space
- a garage, shed or greenhouse
- a garden room or home office.
Where the land associated with your property is greater than one acre in size, land up to one acre (0.4047 hectares) only should be valued with the property.
The part of the land that is to be valued is the part that is most suitable for enjoyment with the property. This is generally the land closest to the property, for example, the land that is used as a garden or yard.
The following do not have to be valued for LPT purposes:
- land adjoining a farmhouse that is used as farmland
- sheds used for farming purposes, for example, those used to store hay or house farm animals.
Valuation period for your property
Your valuation of your property, as at 1 November 2021, will apply for the four-year period from 2022 to 2025.
How your LPT charge is determined
Property values are organised into valuation bands for LPT. Once you have determined the value of your property, you can check the valuation band in which it fits.
Your LPT charge is the amount of LPT you should pay. The LPT charge for your property for each year from 2022 to 2025 is based on:
- the basic LPT charge for the valuation band that applies to your property
- any adjustment of the basic LPT charge that your Local Authority may have applied.
The LPT charge for a property with a market value greater than €1.75 million is calculated from the valuation of that property, rather than from a valuation band.
You can use Revenue’s online LPT calculator to calculate your LPT charge for 2022, based on your valuation.
Next: Submitting your LPT Return for 2022