The 2014 LPT liability date was November 1st 2013 and the charge is for the whole 12 months of 2014.
See more details here about paying the Property Tax in 2014
The Local Property Tax (LPT) was introduced in Ireland in 2013 . The liability date was May 1st 2013 and returns were supposed to be filed by 29th May 2013. The charge in 2013 covered July to December (6 months).
A list of all the property tax valuation bands and the property tax amounts due for 2013 and 2014 is shown below.
The Property Tax is charged on all Residential property – which is defined as any building or structure (or part of a building) which is used as, or is suitable for use as, a dwelling and includes grounds of up to one acre.
How Much Property Tax Will You Have to Pay ?
| Valuation Band Number | Valuation Band Range (€) | Half Year Charge Due 2013 |
LPT Charge in 2014 (full year charge) |
| 01 | 0 – 100,000 | 45 | 90 |
| 02 | 100,001 – 150,000 | 112 | 225 |
| 03 | 150,001 – 200,000 | 157 | 315 |
| 04 | 200,001 – 250,000 | 202 | 405 |
| 05 | 250,001 – 300,000 | 247 | 495 |
| 06 | 300,001 – 350,000 | 292 | 585 |
| 07 | 350,001 – 400,000 | 337 | 675 |
| 08 | 400,001 – 450,000 | 382 | 765 |
| 09 | 450,001 – 500,000 | 427 | 855 |
| 10 | 500,001 – 550,000 | 472 | 945 |
| 11 | 550,001 – 600,000 | 517 | 1,035 |
| 12 | 600,001 – 650,000 | 562 | 1,125 |
| 13 | 650,001 – 700,000 | 607 | 1,215 |
| 14 | 700,001 – 750,000 | 652 | 1,305 |
| 15 | 750,001 – 800,000 | 697 | 1,395 |
| 16 | 800,001 – 850,000 | 742 | 1,485 |
| 17 | 850,001 – 900,000 | 787 | 1,575 |
| 18 | 900,001 – 950,000 | 832 | 1,665 |
| 19 | 950,001 – 1,000,000 | 877 | 1,755 |
| 20 | Over €1 Million | €900 plus 0.125% of the value above €1m | €1800 plus 0.25% of the value above €1m |
On a house Valued at €1.5 Million – the Property Tax will be €1800 plus 0.25% of 500,00 (€1250) giving a total of €3050 (€1525 in 2013)
House Valued at 2 Million the Property Tax will be €4300 a year (€2150 in 2013)
In 2013 – the amount due was half the full amount because the charge covered July to December 2013.
The Local Property Tax or LPT is a self assessment system. Each home owner will be expected to assess the value of their home – which will involve choosing a “valuation band” . See more about Property Tax Valuations here
It is estimated that about €500 million a year could be raised by a property tax in Ireland with the rates shown above ( if everyone pays).
More Property Tax Information Here with details of exemptions , penalties , deferrals and waivers.
The idea of a Property Tax was first mentioned in the IMF/ECB agreed Four Year Plan – back in November 2010 – where Fianna Fail committed to a ” site value tax” to be introduced in 2012 – with a minimum charge of €100 per property.
It could have been worse : – there was a report about Property Tax by the ESRI in 2010 – which recommended even higher levels of tax (o.4%).
The IMF suggested a rate of 0.5% – which if implemented would mean a property tax of €1125 a year for a house valued at €225,000.
Latest Property Tax Information Here