Pearse Doherty (Donegal, Sinn Fein)
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295. To ask the Minister for Finance to provide information on the proposed local property tax Bill contained within the legislative Programme for Government; and if he will make a statement on the matter. [9064/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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The Local Property Tax (LPT) was introduced in 2013 to provide a stable and sustainable source of funding for local authorities. For the valuation period 2022-2025, the tax is payable annually on the self-assessed market value of residential properties as at 1 November 2021.

The Local Property Tax legislation was last amended by the Finance (Local Property Tax) (Amendment) Act 2021. The 2021 Act made a number of changes to the LPT system, including a revised method for calculating liabilities. The Act also brought new homes which had previously been excluded from LPT into the LPT system. In addition, it provided for properties to be revalued every four years.

The next valuation period is set to commence in 2026 for a duration of four years, with reference to the self-assessed market value of residential properties as at 1 November 2025. The Programme for Government 2025 – “Securing Ireland’s Future” – included a commitment to ensure fairness and stability in Local Property Tax payments and to continue to retain revenue collected locally in the same local authority. Changes to the structure of LPT are currently under consideration. Earlier this month, I brought a Memorandum for Information to Government setting out the above. It is my intention to bring a further Memorandum later this spring.

Accordingly, the purpose of the proposed Local Property Tax Bill is to provide for any amendments to the legislation which may be required in advance of revaluation. It is not appropriate for me to comment further on the proposed Bill ahead of its consideration by Government.