LPT is an annual tax charged on the market value of residential properties in Ireland. The amount depends on your property's valuation band. Rates range from a flat €90 for properties valued at €200,000 or below, up to €1,755 plus 0.2529% on the excess for properties over €1,050,000.

LPT is calculated based on the market value of your property. Each valuation band has a fixed base charge. For properties valued over €1,050,000, an additional rate of 0.2529% applies to the value above €1,050,000, on top of the base charge of €1,755.

LPT is charged annually. You can pay in a single lump sum, by phased direct debit (monthly or quarterly), or through payroll deduction if you're an employee. The charge is based on the property value as of 1 November 2021, which applies for the 2022–2026 valuation period.

Yes, deferral may be available if you are on a low income or have certain financial hardship circumstances, but interest will apply on deferred amounts. You should contact Revenue directly to discuss deferral options.

Late payment of LPT incurs interest at 0.0274% per day (approximately 10% per year). Revenue can also deduct unpaid LPT from your salary or pension through payroll deduction.

You can pay LPT online through Revenue's myAccount service using a debit/credit card, direct debit, or by cheque. You can also have it deducted from your salary or pension through payroll.

Yes, LPT applies to all residential properties, including vacant properties. There is no exemption for vacant homes, though some exemptions exist for properties that are uninhabitable due to significant structural issues.

The current valuation period runs from 2022 to 2026 (extended from 2025), based on property values as of 1 November 2021. A new valuation period begins in 2026 with updated property valuations.

If you are a landlord, LPT paid on a rental property is deductible as an expense against your rental income for income tax purposes. However, the LPT must actually be paid to claim the deduction.

If you believe your property valuation is incorrect, you can appeal to Revenue within 30 days of receiving your LPT notice. You may need to provide evidence such as a professional valuation or comparable sales data.

Certain properties may be exempt from LPT, including properties purchased by first-time buyers with a market value under certain thresholds, properties affected by pyrite/mica damage, and properties that are part of approved housing schemes.

When selling a property, unpaid LPT attaches to the property rather than the owner. Solicitors typically handle the apportionment of LPT between buyer and seller at closing, ensuring any outstanding LPT is cleared.