Deferral of Local Property Tax payment

Overview

You can defer the payment of your Local Property Tax (LPT) if you meet certain specified conditions. A qualifying person may opt to either:

• fully defer payment of LPT
• or
• partially defer payment of LPT, with 50% paid and 50% deferred.

A deferral is not an exemption. You are deferring the payment of the LPT. The deferred LPT becomes payable at a later date. The deferred LPT remains a charge on the property until it is paid. Interest accrues on the unpaid amount until it is paid. Revenue clearance for a sale or transfer of a property will not be granted where payments are still deferred.

There are five separate categories available for deferral of LPT:

• income threshold
• mortgage adjusted income threshold
• personal representatives of a deceased liable person
• personal insolvency
• hardship grounds.

For information on how to apply for a deferral of LPT, please see each deferral category.

Interest rate

The deferral interest rate for 2013 to 2021 is 4 %. From 1 January 2022, this rate of interest has been reduced to 3% per year. However, this will not affect the amount of interest accruing up to 31 December 2021, at the rate of 4%.

Duration of deferral for each category

The duration of deferrals will vary depending on the category of deferral and your circumstances.

Next: Income thresholds