Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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217. To ask the Minister for Finance how many property owners are paying LPT on one property; two properties; three properties; four properties; between five and ten; between ten and 20; between 20 and 50, between 50 and 100, and 100 or more, excluding local authorities and AHDs; and if he will make a statement on the matter. [31003/23]

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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218. To ask the Minister for Finance the full-year cost of abolishing the LPT and introducing a tax on NPPRs as follows: Single NPPR - €1,000; ten or less NPPRs - €1,500 per property; 11 or more NPPRs - €2,500 per property; and if he will make a statement on the matter. [31004/23]

Michael McGrath (Cork South Central, Fianna Fail)
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I propose to take Questions Nos. 217 and 218 together.

Regarding Question No. 217, I am advised by Revenue that the distribution of residential property owners, as indicated in respect of Local Property Tax records for the valuation period 2022-2025, is set out in the table below. This breakdown of property owners excludes Local Authorities and Approved Housing Bodies and exempt properties. It should be noted these figures are provisional and may change.

Regarding Question No. 218, the potential yield from abolishing the existing Local Property Tax and imposing charges on Non-Principal Private Residences (NPPRs) as outlined in the Deputy’s question is estimated to be in the region of €500 million in a full year. This estimate does not take account of any behavioural change that might arise from a change in the tax.