Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am informed by Revenue that, as Local Property Tax (LPT) is a self-assessed tax, it is a matter for the property owner to calculate the amount of tax due based on his/her assessment of the market value of the property at 1 May 2013.

I am further informed that if a liable person places an incorrect value on his/her property due to a genuine error or mistake, and as a consequence overpays the amount of LPT due, then Section 26 of the Finance (Local Property Tax) Act 2012 (as amended) provides that a claim for a refund of the overpaid amount may be made to Revenue, providing evidence for the revised valuation can be provided.

In the case raised by the Deputy, a completed form LPT 1 was submitted in respect of 2013 in April 2013 clearly indicating 'Band 2' as the appropriate valuation band. An amount of €112 was also paid, which is the correct amount in respect of 'Band 2' for the 2013 half-year.

A request to revise the valuation downwards to 'Band 1' was subsequently received by Revenue in October 2013. The request was supported with appropriate documentation confirming 'Band 1' as the correct valuation band.

Revenue has confirmed to me that the valuation band in this case has been amended from 'Band 2' to 'Band 1' on foot of the submission received in October and the surplus amount of €67 has been offset to the person's 2014 liability leaving a balance of €23 due in respect of that year.

Revenue will be making direct contact with the person in the coming days to confirm that the offset has been made and to advise the amount now due for 2014.