An annual self-assessed Local Property Tax (LPT) charged on the market value of all residential properties in the State will come into effect from 1 July 2013. It will be administered by Revenue and a half-year charge will apply in 2013. For owners of non principle private residences the NPPR charge is also due in 2013 and will then be abolished.
Revenue have an online calculator to assit you based on the value of your home http://www.revenue.ie/lpt_reckoner/index_en.html, if you are unsure as to the value of your home, you can check out Revenue’s online valuation guide https://lpt.revenue.ie/lpt-web/valuation-guide/index.htm or The Residential Property Price Register at www.propertypriceregister.ie produced by the Property Services Regulatory Authority (PSRA) provides actual sale prices of all properties sold since January 2010.
- The completed LPT Return form must be sent back to Revenue by 7 May 2013 if submitting a paper form.
- If you complete your LPT Return form electronically you will have until 28 May 2013 to submit it online through www.revenue.ie.
The Return that you submit in 2013 will be valid for the years 2013 to 2016 unless your circumstances change or you wish to select an alternative payment method.
The LPT Return can be completed and submitted on paper or by electronic means. The quickest and most straightforward way to complete and submit your Return is on-line at www.revenue.ie using the Property ID and PIN provided on the Return. You will also need your PPSN or tax reference number.
About 60,000 ROS customers who are designated owners of a property(s) and who do not have an agent (i.e. they are ROS filers who have a business digital certificate for authentication purposes) will receive notification electronically about their LPT obligations by the following means:
- letter providing information on LPT will be issued to their ROS inbox.
- An email will be sent to the email address that is associated with the person’s ROS account notifying them that correspondence has been sent to their ROS inbox.
ROS customers will be able to directly access their residential property details and their LPT Return on the on-line system via a link on their “My Services” page in ROS, without having to input a Property ID or PIN which is required by non-ROS customers.
Some property owners will have to file and pay electronically
- If you own more than one residential property you will have to pay and file for LPT online.
- If you are already required to submit tax returns and pay electronically to Revenue you will have to pay and file for LPT online.
- Any company that owns residential properties will have to pay and file for LPT online.
Payment deadline & methods:
Revenue will offer a range of methods for paying the tax. You can opt to make one single payment or opt to phase your payments in equal instalments from 1 July 2013 until the end of the year.
- Single Debit Authority
- Deduction at source from your salary or occupational pension
- Deduction at source from certain payments received from the Department of Social Protection
- Deduction at source from scheme payments received from the Department of Agriculture, Food and the Marine
- Direct Debit
- Debit/Credit Card
- Cash payments (including Debit/Credit Card) through approved payment service providers
You can only select one method of payment on the LPT return.
If you wish to pay by cheque, bank draft or postal order, please enclose this with your completed Return.
With regard to debit/credit card, direct debit and cash payment options, your Financial Institution or payment service provider may levy charges.
No receipt will be issued by Revenue. It is therefore recommend that you keep a record of the information you provide on your LPT Return:
- The market value band chosen for your property
- The amount of LPT due
- The payment option chosen and, if applicable, the frequency of payment (monthly or weekly)
You should also keep a record of your Property ID and PIN
- March 2013: Revenue will issue LPT Return form and information to residential property owners.
- 1 May 2013: Property Valuation and Property Ownership date.
- 7 May 2013: Due date for filing paper LPT returns.
- 28 May 2013: Due date for filing LPT returns electronically.
- 1 July 2013 onwards: Commencement of deduction at source from Salary / Occupational Pension or certain payments from the Department of Social Protection and Department of Agriculture, Food and the Marine.
- 1 July 2013 onwards: Commencement of cash payments through certain payment service providers.
- 15 July 2013 onwards: Commencement of direct debits.
- 21 July 2013: Single Debit Authority Payment deducted.
For any queries please contact Lorraine using the contact us page.