Valuing your property

Valuing newly liable properties

Your newly built, or renovated, property may become liable for Local Property Tax (LPT) in 2025. To determine if your property has become liable, please see Properties that become liable for LPT.

If your property has become liable, you will need to value as if it had existed on 1 November 2021. When you have valued your property, you will need to:

Newly built residential properties

To value your newly built property as at 1 November 2021, you can use Revenue’s discount factor or other information sources.

Revenue discount factor

You can apply a discount factor to help you determine the value of your property as if it had existed on 1 November 2021. You can apply the discount factor if:

  • you purchased your newly built property on the open market
  • or
  • you self-built your property and can self-assess its value on the date it was completed.

For further information on how Revenue has calculated the discount factor, please see Technical Note on Discount Factors.

Revenue discount factors for residential properties completed or purchased between 2 November 2023 and 1 November 2024
Date new residential property was completed or purchasedRevenue Discount Factor
1 July 2024 to 1 November 2024 1.23
1 April 2024 to 30 June 2024 1.23
1 January 2024 to 31 March 2024 1.22
2 November 2023 to 31 December 2023 1.20
Revenue discount factors for residential properties completed or purchased between 2 November 2022 and 1 November 2023
Date new residential property was completed or purchasedRevenue Discount Factor
1 July 2023 to 1 November 2023 1.15
1 April 2023 to 30 June 2023 1.15
1 January 2023 to 31 March 2023 1.13
2 November 2022 to 31 December 2022 1.10
Revenue discount factors for residential properties completed or purchased between 2 November 2021 and 1 November 2022
Date new residential property was completed or purchasedRevenue Discount Factor
1 July 2022 to 1 November 2022 1.06
1 April 2022 to 30 June 2022 1.03
1 January 2022 to 31 March 2022 1.01
2 November 2021 to 31 December 2021 1.00

The LPT bands increase in ranges of €87,500. Due to this, application of the discount factor may not result in a change of LPT band. In many instances, the LPT valuation band may be the same as the Original Market Value (OMV) of the property.

Other information sources

In some cases, the OMV 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 2021.

Properties that have become suitable for use as a dwelling

You should consult other Revenue or external sources to help you value your property as at 1 November 2021.

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.

For further information on how Revenue has calculated the discount factor, please see Technical Note on Discount Factors.

Next: Revenue's interactive valuation tool