Valuing your property

How to value your property

You can value your property, as at 1 November 2021, by using Revenue’s interactive valuation tool.

You should also refer to other information sources to help you determine the value of your property. For further information, please see the 'Other information sources for valuing your property' page in this section.

What you need to include in your valuation

The interactive valuation tool, and other sources, will provide indicative average values for properties in an area. It is important that you also consider the specifics of your own property. Your property may have certain unique features that you should consider when determining its value.

Properties with associated land and other buildings

When you value your property, you should include the value of lands and other buildings associated with your property. This includes lands or buildings that have domestic or residential purpose, or an amenity such as a:

  • yard, garden or patio
  • driveway or parking space
  • garage, shed or greenhouse
  • garden room or home office.

You should only value land up to one acre (0.4047 hectares). You should value the part of the land that is most suitable for enjoyment with the property. This is generally the land closest to the property, for example, the land that you use as a garden.

‘Granny flats’ and bedsits

A part of a building that is in use, or that is suitable for use, as a dwelling, is generally treated as a separate residential property. For example, each self-contained apartment within a building is a separate residential property which incurs its own Local Property Tax (LPT) liability.

However, if you are the owner of a ‘granny flat’, you may value this as part of its adjoining property. This treatment only applies where you own the granny flat and the adjoining property. You are required to submit details of the layout of the property and its ownership to Revenue.

Where a building contains units that are not suitable for use as self-contained dwellings, such as bedsits, you should value the overall building for LPT.

For further information, please see Tax and Duty Manual Part 01-01.

What you do not need to include in your valuation

Residential properties on a farm

You do not need to value the following:

  • land adjoining a farmhouse that you use as farmland
  • or
  • sheds that you use for farming purposes, for example, those used to store hay or house farm animals.

Changes in valuation

The self-assessed valuation placed on your property as at 1 November 2021 determines your LPT charge for the years 2022 to 2025. You do not need to update your valuation until 2025. For example, if you add an extension which increases the value of the property, you do not need to update your valuation. The LPT charge is based on the value of your property as at 1 November 2021.

Your LPT charge will not be affected by any general increase or decrease in property prices during the period 2022 to 2025.

Newly liable properties

Your property may have become liable for LPT since 1 November 2021. If so, you may be able to apply a 'Revenue discount factor' to your valuation. For further information, please see the next page.

Next: Valuing newly liable properties