When does the Property Tax for 2014 have to be paid ?
The 2014 Property tax doesn’t have to be paid in full until December 31st 2014 – but of course the Revenue Commissioners will be happier if you pay it sooner than that. The deadline for confirmation of your 2014 payment method was originally Nov 27th 2013 – but Revenue have recently given a final deadline of 31st March 2014 before they start charging interest and possibly look into other penalties.
There are various options available for paying the 2014 property tax – either by installments or in a single lump sum. Many homeowners were sent LPT1A forms in November 2013 by Revenue requesting confirmation of LPT payment method for 2014. There was some uproar because anyone wanting to pay in one lump sum by debit/credit card was expected to pay by 27th November 2013. There are plenty of ways of avoiding paying the Property Tax until later in 2014.
Check here to see 2014 Property Tax Bands and Amounts
Check here to see if you might be Exempt from the LPT
Property Tax Payment Options:
i) Cash : There is the option to pay by cash installments at Post Offices or in shops that accept Payzone or Omnivend payments . Be aware that you will be charged transaction fees by the third parties for paying this way. See this article for details of the charges. This option is not available to owners of multiple properties.
Revenue have stated that owners can pay in equal weekly or monthly installments . The full amount has to be paid by December 31st 2014 .
Revenue say that when paying cash you need to quote your PPS number or the Property Reference number. Owners will have to work out the installments themselves – and take care to avoid under or over payment because of rounding.
ii) Debit or Credit Card – You can also pay equal weekly or monthly installments by using a debit card or credit card at Post Offices or in shops with Payzone or Omnivend terminals. Be aware that most banks will charge about 28c for each debit card transaction and you will also be charged a fee by the Post Office ,Payzone or Omnivend (see above) Full amount must be paid by Dec 31st 2014 . This option is not available to owners of multiple properties.
iii) Direct Debit – Monthly direct debit installments were an option in 2013 – and the first 2014 Direct Debit will be taken on 15th Jan 2014 and will continue to be taken on the 15th of each month . All Direct Debits set up for 2013 will continue into 2014 , 2015 and 2016.
iv) Deduction from your wages or occupational pension. You need to provide your PPSN and your employers tax registration number from your P60. The Property Tax deductions from wages or works pension will be spread evenly over the year and new deductions will start in January 2014. If you chose this payment method in 2013 it will continue for 2014/2015/2016
v) Deduction from your Dept. of Social Protection payments – i.e State Pension, Invalidity ,One Parent Family, Carers Allowance, Disability, Blind Pension. Deductions will start in January.
vi) Deductions from Department of Agriculture, Food & the Marine Payments . (Herd number must be supplied) Deductions will start in January.
B) Single Lump Sum Payment
i) Debit/Credit Card (Online Only) : You can choose to pay in a single lump sum online with a card. Revenue will charge 1.49% of the amount paid when you pay with a credit card. (ie. A payment of €202 would incur transaction fees of €3.01) . The debit or credit card payment is taken as soon as you register your method of payment. (You were originally supposed to register your payment method by 27th Nov 2013)
ii) Debit/Credit Card at Post Office or Payzone/Omnivend Kiosks. To do this you will have to select on the LPT form that you will pay by installments – then you just pay it all off in one “installment”. There are transaction fees – see here for details. A payment of €200 will cost €1 at a Post Office , €2 at Payzone and €8 at Omnivend (4%). Post Office will be the cheapest for large amounts. This option is not available to owners of multiple properties.
iii) Bank Transfer . You could also choose to pay the full amount of property tax by a single payment direct from your bank account. They refer to it as a Single Debit Authority . There is a section on the LPT1A form to allow this . The single payment was due be taken out on 21st March 2014 . (It is not clear if owners can ask to pay by this method after March 21st).
iv) Cash – the full amount of property tax can be paid in cash at Post Offices (€1 fee) or at Payzone outlets (75c fee) or Omnivend (4% fee) – you will need to select the option to pay by installments if you want to do this.Then you just pay 1 big “installment”. This option is not available to owners of multiple properties.
v) Cheque . You can pay the full amount of Property Tax by cheque ( or bank draft or postal order) with the LPT1A form when you return it. (Cheques payable to Collector General . It would be a good idea to put the property ID number on the back of the cheque.)
Revenue say they were accepting cheques upto Jan 1st 2014 – but you need to detach the “Single Debit Authority” payslip at the bottom of the LPT1A form and include a note on the LPT1A form that you will pay by cheque/postal order on or before 1 January 2014.
Visit our Property Tax Information Page here