Property Tax Bands 2024

The LPT valuation bands and Local Property Tax rates (LPT) in Ireland changed in January 2022.
This was the first change since the Local 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 ).

Did The Property Tax Increase in 2022 ?

• The changes to the LPT banding and amounts made 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 estimated to incur an increase of over €100 a year.

The full details of the current LPT Bands for 2024 and 2025 and the amounts 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. The band will be based on the valuation as of Nov 2021.

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.

How Much Is Property Tax in Ireland?

Table of LPT Valuation Bands and Rates for 2024 and 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, in 2022 Dublin City Council reduced it by 15%.

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% is charged on the first €1.05m and 0.25% on the balance over €1.05m.

Properties worth over €1.75m, are charged a rate of 0.1029% on the first €1.75m of their value, with a higher rate of 0.3% on the property’s value over €1.75m.

How To Value Your House for Local Property Tax

1. You can use the Residential Property Price Registeras 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 brand 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 has 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 property’s value, 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.