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Valuing your property

  1. Overview
  2. How to value your property
  3. Valuing newly liable properties
  4. Revenue's interactive valuation tool
  5. Other information sources for valuing your property
  6. Factors that may affect your valuation
  7. How your LPT charge is determined

Overview

You will find information in this section on how to value your property for Local Property Tax (LPT).

LPT is a self-assessed tax based on your own valuation of your property. Your 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 property was liable for LPT in 2023, you should have already submitted your valuation on your LPT Return. If you have not yet done so, you should do so immediately.

Note

If you have already submitted the value of your property as at 1 November 2021, no further valuation is required until 2025.

Newly liable properties

Your property is newly liable for LPT in 2024 if:

  • it is a newly-built residential property completed after 1 November 2022 and on, or before, 1 November 2023
  • or
  • it has become occupied, or suitable for use as a dwelling, after 1 November 2022 and on, or before, 1 November 2023.

In such cases, you are required to value your property as if it had existed in its competed state on 1 November 2021. This will determine the amount of LPT you pay each year for 2023 to 2025.

For further information on whether your property is liable for LPT, please see Properties that become liable for LPT.

If you have already submitted your LPT Return, but now want to amend your valuation, please see How to correct your Return.

Next: How to value your property

Published: 20 October 2023 Print this page

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