Irelands Local Property Tax update 2025

It has come around again where properties need to be revalued to determine the band that they will fall in for the next five years. The last revaluation was in November 2021.

Your LPT charge will be based on the valuation of your property as of 1 November 2025. The valuation of your property on this date determines your LPT charge for each year from 2026 to 2030.

Property valuation

Each valuation band has a corresponding rate of LPT, which is charged according to the band that applies to your property.

The valuation bands for the upcoming valuation period commencing in 2026 have been widened by 20% and the fixed charges have increased for each band, with the lowest band (band 1) only increasing by €5. The fixed charges for the other bands have increased incrementally, with most properties under €1.26 million seeing a 6% rise, and higher-value properties facing increases of 7-14%.

Below we have compiled a table outlining the new widened bands and associated charges that have increased.

Updated Band Structure 2026-2030

The LPT charge for properties with market values of over €2.1 million is not calculated from a valuation band but is calculated at the rate of 0.0906% on the first €1.26 million, 0.25% between €1.26 million and €2.1 million, and 0.3% on the balance. If your property is valued over €2.1 million, you must declare a specific market value for your property on your LPT Return.

Each Local Authority can increase or decrease the LPT rate by up to 15% from the basic rate and from 2027, the local authorities can vary the amount upwards by 25%.

You are not expected to calculate the base LPT charge or the local adjustment factor. Once you determine the valuation band of your property, the LPT portal will automatically calculate the LPT charge.

What you need to do

The next property valuation date for LPT purposes is 1 November 2025. If you are liable for LPT on 1 November 2025, you must complete the following steps:

1. Make sure you can access the LPT portal.

You will need the Property ID, PIN number and your tax reference number. If you don’t have the ID and PIN, you will need to request them from Revenue.

2. Determine the value of your property as at the valuation date, 1 November 2025

The valuation of your property is to be conducted on a self-assessed basis, meaning it is up to the taxpayer to submit a valuation of their own property. Revenue guidance recommends a range of resources that can be used to determine the valuation of your property, including Revenue’s Interactive Valuation Tool, the Residential Property Price Register, or a professional valuation.

3. Submit this valuation to Revenue on your LPT return by 7 November 2025

Once the market value of your property has been determined, your LPT Return should be submitted by 7 November 2025. Your LPT Return can be submitted online through one of the three following options, depending on what is relevant to you: your Revenue myAccount, Revenue Online Service (ROS) or directly on the LPT online service.

The easiest way to submit your LPT Return is online, though if you have not used the LPT online service for previous years, Revenue will issue you a paper Form LPT1 - LPT Return along with a covering letter. One can also phone an LPT helpline number and complete the return over the phone once all the necessary details are available. If you are liable for LPT for more than one property, you are required to submit your LPT returns online.

You may be eligible to claim an exemption from the LPT charge on your LPT return if your property qualifies for an exemption, but this needs to be claimed.

4. Confirm your LPT payment arrangement for the year 2026

As part of submitting the LPT return, you will be asked to select a payment option for 2026. You can opt to make one single payment or spread your payments over the year. The easiest way to pay your LPT charge is online which gives you a wide range of online payment options: single payment in full using debit or credit card, Annual Debit instruction (ADI), monthly direct debit or deduction at source, e.g. from your salary, wages, or social welfare payments. The date by which you need to pay your LPT charge depends on the payment option you choose. You can also pay through An Post and Payzone and one can also phone in to LPT helpline to make payment arrangements.

Reminder

It is of paramount importance that you are LPT compliant, that is, LPT returns and LPT payments are up to date for the new valuation period. Failure to be compliant will lead to Revenue imposing a 10% surcharge on your individual income tax, corporation tax and capital gains tax liabilities and they may withhold your tax clearance certificate. They will also impose interest charges of 8% per year and penalties may also apply. The outstanding LPT may be referred to the Sheriff or solicitor for collection. If you have not filed your LPT returns, the amount of LPT sent to enforcement is the Revenue estimated liability and any unpaid LPT (including interest) remains as a charge on the property until it is paid.

If you have any questions in relation to the above, or if you would like to discuss this topic further, please contact a member of the Forvis Mazars private client team below: