Property Tax Rates and Bands in Ireland
June 7, 2013
|
Posted by Money Guide
The Local Property Tax or LPT letters have all been sent out now and they were due to be returned by May 7th . Online returns had a deadline of May 29th.
Revenue are saying that property tax returns can still be made during June on paper forms or online . You can file online at www.revenue.ie or over the phone by ringing 1890 200 255. You will need to know what valuation band your property belongs to. A list of all the property tax valuation bands and the property tax rates for 2013 and 2014 is shown below.
The Property Tax is to be charged on all Residential property – which is defined as any building or structure (or part of a building) which is used as, or is suitable for use as, a dwelling and includes grounds of up to one acre.
See here for How and When to Pay The Property Tax
The Local Property Tax or LPT is a self assessment system. Each home owner will be expected to assess the value of their home – which will involve choosing a “valuation band” . See more about Property Tax Valuations here
Details of the Property Tax Form LPT1 Here
Find out about the Property Tax Map of Ireland here
How Much Property Tax Will You Have to Pay ?
| Valuation Band Number | Valuation Band Range (€) | Half Year Charge Due 2013 |
LPT Charge in 2014 (full year charge) |
| 01 | 0 – 100,000 | 45 | 90 |
| 02 | 100,001 – 150,000 | 112 | 225 |
| 03 | 150,001 – 200,000 | 157 | 315 |
| 04 | 200,001 – 250,000 | 202 | 405 |
| 05 | 250,001 – 300,000 | 247 | 495 |
| 06 | 300,001 – 350,000 | 292 | 585 |
| 07 | 350,001 – 400,000 | 337 | 675 |
| 08 | 400,001 – 450,000 | 382 | 765 |
| 09 | 450,001 – 500,000 | 427 | 855 |
| 10 | 500,001 – 550,000 | 472 | 945 |
| 11 | 550,001 – 600,000 | 517 | 1,035 |
| 12 | 600,001 – 650,000 | 562 | 1,125 |
| 13 | 650,001 – 700,000 | 607 | 1,215 |
| 14 | 700,001 – 750,000 | 652 | 1,305 |
| 15 | 750,001 – 800,000 | 697 | 1,395 |
| 16 | 800,001 – 850,000 | 742 | 1,485 |
| 17 | 850,001 – 900,000 | 787 | 1,575 |
| 18 | 900,001 – 950,000 | 832 | 1,665 |
| 19 | 950,001 – 1,000,000 | 877 | 1,755 |
| 20 | Over €1 Million | €900 plus 0.125% of the value above €1m | €1800 plus 0.25% of the value above €1m |
On a house Valued at €1.5 Million – the Property Tax will be €1800 plus 0.25% of 500,00 (€1250) giving a total of €3050 (€1525 in 2013)
House Valued at 2 Million the Property Tax will be €4300 a year (€2150 in 2013)
In 2013 – the amount due will be half the full amount because liability doesn’t start until July 2013.
It is estimated that about €500 million a year could be raised by a property tax in Ireland with the rates shown above ( if everyone pays).
More Property Tax Information Here with details of exemptions , penalties , deferrals and waivers.
The idea of a Property Tax was first mentioned in the IMF/ECB agreed Four Year Plan - back in November 2010 – where Fianna Fail committed to a ” site value tax” to be introduced in 2012 – with a minimum charge of €100 per property.
It could have been worse : – there was a report about Property Tax by the ESRI in 2010 – which recommended even higher levels of tax (o.4%).
The IMF suggested a rate of 0.5% – which if implemented would mean a property tax of €1125 a year for a house valued at €225,000.
Categories: Budget 2013, Household Charge, Household Tax, Local property Tax, LPT, Property Tax
| 
Tags: Local Property Tax, property tax, property tax calculator
|
Leave a reply
What about the “Attack The Tax” thing … whereby “Acorn to Oak Communications Plc.” have lodged a case in the High Court against the Property taxes legality …
If you are a Shareholder in this, will Revenue come after you?
Amanda – I’m aware of the Attack the TAx SPV and the court action. I would be surprised if Revenue take any notice of those stickers – but we will have to wait and see. Did you sign up to it ?
Any idea of when the case is being heard ? Have you been told of any progress on the failed case over the Household Charge – is it being appealed?
we are looking to buy a property in the ramelton area of Donegal,What is the maximum useage during the year before the property tax is payable, also are both taxes due on this type of home IE THE STANDARD CHARGE FOR NON PERMINANT HOME AND ALSO THE PROPERTY TAX WE LIVE IN THE UK BUT I WOULD BE IN THE PROPERTY FOR ABOUT HALF OF THE YEAR,also is there a reduction on the property tax if only one person lives there in the UK I have a 25%discount with living alone Thanking you Richard
Richard – the property tax is payable in full regardless of the occupation level. Empty properties have the same liability as occupied ones.
There are no deductions for single people.