Written answers
Tuesday, 5 October 2021
Department of Finance
Tax Code
Richard Bruton (Dublin Bay North, Fine Gael)
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162. To ask the Minister for Finance the rates of local property tax that will apply in 2022; and the conditions under which any exemptions or reliefs can be claimed in 2022. [47529/21]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that property owners are required to self-assess the value of their properties at 1 November 2021 for Local Property Tax (LPT) purposes. This valuation will determine the amount of LPT they pay for the next ‘valuation period’ which runs from 2022 to 2025 inclusive. Revenue has provided an ‘interactive valuation tool’and other guidance on the Revenue website to help people determine the value of their properties and meet their LPT obligations.
Details of the valuation bands and associated standard charges for the new ‘valuation period’ are outlined in the Table below. These standard rates can be adjusted by up to plus or minus 15% by each Local Authority. Further details of LPT valuations, rates and Local Authority adjustment factors are available on the Revenue website.
| Band No. | Band | Standard Charge |
|---|---|---|
| 1 | 1 -200,000 | 90 |
| 2 | 200,000 -262,500 | 225 |
| 3 | 262,501 - 350,000 | 315 |
| 4 | 350,001 -437,500 | 405 |
| 5 | 437,501- 525,000 | 495 |
| 6 | 525,001-612,500 | 585 |
| 7 | 612,501 - 700,000 | 675 |
| 8 | 700,001- 787,500 | 765 |
| 9 | 787,501 – 875,000 | 855 |
| 10 | 875,001 – 962,500 | 945 |
| 11 | 962,501 – 1,050,000 | 1,035 |
| 12 | 1,050,001 – 1,137,500 | 1,189 |
| 13 | 1,137,501 – 1,225,000 | 1,408 |
| 14 | 1,225,001 – 1,312,500 | 1,627 |
| 15 | 1,312,501 – 1,400,000 | 1,846 |
| 16 | 1,400,001 – 1,487,500 | 2,064 |
| 17 | 1,487,501 – 1,575,000 | 2,283 |
| 18 | 1,575,001 – 1,662,500 | 2,502 |
| 19 | 1,662,501 – 1,750,000 | 2,721 |
Certain exemptions from LPT will expire on 31 December 2021 and will not be available for the new ‘valuation period’ (2022-2025). These include properties purchased as a home during 2013, properties in unfinished housing estates, unsold properties held by builders or developers and new or unused properties purchased from a builder or developer. The current exemption in respect of pyrite damaged properties is being phased out and will not apply after 21 July 2023. However, any properties that qualify for the exemption up to that date will benefit for the full six-year period from the next valuation date (i.e. from the following 1 November).
While the current ‘pyrite exemption’ is being phased out, the legislation provides for an exemption from LPT for a period of six years for homes whose owners are eligible for the defective concrete blocks scheme. Also, owners of properties that are unoccupied due to extended periods of illness can apply for an exemption for the new ‘valuation period’ if their property is occupied by a person who is not a joint owner, such as a tenant, relative or friend. The full list of exemptions that apply for the new ‘valuation period’ are listed on the Revenue website.
Finally, the option to defer LPT liabilities remains in place for the new ‘valuation period’ where certain conditions are met. The rate of interest applicable to deferrals has been reduced from 4% per annum to 3% per annum from 1 January 2022, while the qualifying income thresholds are increased to €18,000 (from €15,000) for a single owner and €30,000 for a couple (from €25,000). Further details on deferrals of LPT are available on the Revenue website.
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