Valuing your property

Other information sources for valuing your property

Your Local Property Tax (LPT) charge is based on your valuation of your property as at 1 November 2021. Your valuation of your property on this date determines your LPT charge for the years 2022 to 2025.

If your newly built property did not exist on 1 November 2021, you are still required to value it as if it did exist on that date.

You can refer to one or more of the following information sources to help you value your property as at 1 November 2021:

• Residential Property Price Register. If you are referring to the prices of newly built properties on the register, you should add VAT at 13.5%.
• information from local estate agents
• commercial property sales websites such as daft.ie and myhome.ie.

When referring to the above sources, you should compare properties that are similar to your property. For example, you should compare similar properties in type, approximate size and age. You should not rely on one particular sale. Instead, you should consider a group of relevant sales over recent periods.

You are not required to submit documentation to support your valuation to Revenue. However, you should keep a copy of any information sources and supporting documentation that you use to determine the value of your property. Revenue may request this from you in the event of a review of your self-assessment of your property’s value.

Professional valuation

You may choose to ask a professional valuer to value your property. The professional valuation should reflect the value of your property as on 1 November 2021. The documentation that the professional valuer provides should include the:

• type of property
• size of the property
• condition or state of repair of the property. 

Next: Factors that may affect your valuation