Property Tax Bands 2023

The valuation bands and Local Property Tax rates (LPT) were all changed from January 2022.
This was the first change since the Property Tax was introduced in 2013. ( After the short-lived Household Charge)
(NB – House prices increased by 94% between 2013 and the end of 2021 ).

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Did The Property Tax Increase in 2022 ?

  • The changes to the LPT banding and amounts in 2022 were estimated to result in no overall change in LPT liability for about 53% of taxpayers .
  • About 11% of taxpayers should have seen a decrease in their liability as a result of the new valuation bands .
  • The liability of 33% of taxpayers will have increased – but by no more than €100 a year.
  • About 3% of property taxpayers were expected to incur an increase of over €100 a year.

The full details of the current Property Tax Bands and rates are shown in the table below.

Note: Your Local Property Tax band will not be affected by any general increase or decrease in property prices during the period 2022 to 2025.

If you buy a house after Nov 2021 and before Nov 2025 – then as long as the valuation done by the previous owner was accurate in Nov 2021, you do not need to update the LPT valuation even if you paid more than the LPT valuation.


Table of LPT Valuation Bands and Rates 2022 – 2025

LPT BandsPre 2022
Valuation
Bands
Pre 2022
Property
Tax Rates
2022- 2025
Valuation Bands
Property
Tax Rates
2022-2025
LPT Band 10 - 100,000900 - 200,00090
LPT Band 2100.001 - 150,000225200,001 - 262,500225
LPT Band 3150,001 - 200,000315262,501 - 350,000315
LPT Band 4200,001 - 250,000405350,001 - 437,500405
LPT Band 5250,001 – 300,000 495437,501 - 525,00495
LPT Band 6300,001 - 350,000585525,001 - 612,500585
LPT Band 7350,001 – 400,000675612,501 - 700,000675
LPT Band 8400,001 – 450,000765700,001 - 787,500765
LPT Band 9450,001 – 500,000855787501-875000855
LPT Band 10500,001 – 550,000 945875001-962500945
LPT Band 11550,001 – 600,000 1035962501-10500001035
LPT Band 12600,001 – 650,000 11251050001-11375001190
LPT Band 13650,001 – 700,000 12151137501-12250001409
LPT Band 14700,001 – 750,000 13051225001-13120001627
LPT Band 15850,001 – 800,000 13951312501-14000001846
LPT Band 16800,001 – 850,000 14851400001-14875002065
LPT Band 17850,001 – 900,000 15751487501-15750002284
LPT Band 18900,001 – 950,00016651575001-16625002502
LPT Band 19950,001 - 1mill17551662501 - 17500002721
LPT Band 20Over €1mOver 1.75m2830+
Property Tax Changes 2022-2025

NOTE: Each local authority can charge a lower or higher rate. They are allowed to vary the charge by up to 15% . For example, Dublin City Council is reducing it by 15%.


The details of each local authority adjustment in 2022 can be seen here.


LPT on Higher Value Properties

Under the old rules, before 2022, properties worth more than €1 million were assessed on the actual value at 0.18% on the first €1 million and 0.25% on the portion above €1 million.

From January 2022 – For properties valued at between €1m and €1.75m (bands 12-19), a rate of 0.1029% will be charged on the first €1.05m and 0.25% on the balance over €1.05m.

For properties worth over €1.75m, they will be charged a rate of 0.1029% is charged on the first €1.75m of their value, with a higher rate of 0.3% on the property’s value in excess of €1.75m.


Read More About Payment Dates of Local Property Tax in 2023


How To Value Your House for Local Property Tax

  1. You can use the Residential Property Price Register as a guide . It shows the sale prices of all of sale prices from 1st. January 2010 to date. There are no details about the type of house or the number of rooms, etc. Also – the price shown on the Register for barnd new houses is exclusive of Value-Added Tax (VAT). If you are referring to the prices of new properties in your area to determine the LPT band of your own property, you should add VAT at 13.5%.  You should keep a note of the properties on the Register that you use to determine the value of your own property. 
  2. Revenue have an “Interactive Tool” you can use which indicates the average valuation band for properties by ‘Small Area’. ‘Small Areas’ are compiled on behalf of Ordnance Survey Ireland. There are about 18,600 Small Areas in Ireland, usually with 50 to 200 properties in each. More information here.
  3. You could get a valuation from an Estate Agent – but this could cost you in the region of €200

As long as the valuation used in November 2021 was accurate (to the best of your knowledge)- you do not need to update your valuation until 2025.

For example, if you add an extension which increases the value of the property, you do not need to update your valuation. The LPT charge is based on the value of your property as at 1 November 2021.

Your Local Property Tax band will not be affected by any general increase or decrease in property prices during the period 2022 to 2025.


LPT Exemptions

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