What is Local Property Tax?
Local Property Tax (LPT) is an annual tax on residential properties in Ireland. It is based on the market value of your home and is collected by Revenue on behalf of local authorities.
How LPT is Calculated (2026)
LPT is charged at 0.1029% of the property's market value for properties valued up to €1.05 million. For properties above €1.05 million, a higher rate applies.
| Property Value Band | Mid-Point Used | Annual LPT (approx) |
|---|---|---|
| €0 — €200,000 | €150,000 | €154 |
| €200,001 — €262,500 | €250,000 | €257 |
| €262,501 — €350,000 | €300,000 | €309 |
| €350,001 — €437,500 | €400,000 | €412 |
| €437,501 — €550,000 | €500,000 | €515 |
| €550,001 — €1,050,000 | €700,000 | €720 |
Rates are based on the 2021 valuation period (valid until November 2025, with a new valuation due).
How to Value Your Home
Your home is placed in a value band based on its market value. Revenue's online LPT calculator helps you determine your band. Key points:
- Use the self-assessment method: estimate what your home would sell for
- Check similar properties on Daft.ie or MyHome.ie for guidance
- The valuation period is fixed: you cannot change your band unless you make a significant improvement or the market shifts dramatically
Exemptions
Some properties are fully or partially exempt from LPT:
- New homes: Exempt for the first time they are purchased (but the exemption period has ended for most: check with Revenue)
- Properties in certain unfinished estates: May qualify for exemption
- Properties purchased by charities or public bodies
- Homes with significant pyrite/mica damage (subject to certification)
- First-time buyer exemption: There is no general FTB exemption: most first-time buyers pay LPT from the date of purchase
Payment Options
You can pay LPT in several ways:
- Single annual payment: due by 1 January or 21 May (depending on payment method)
- Direct Debit: monthly or quarterly instalments
- Deduction from salary/pension: regular deduction at source
- Credit/debit card: via Revenue's online portal
LPT for First-Time Buyers
When you buy your first home, you become liable for LPT from the date you take ownership. Key points:
- Your solicitor will advise you on LPT registration
- You must register the property with Revenue online
- The tax is apportioned: if you buy mid-year, you only pay for the remaining months
- Your first payment covers the period from purchase to year-end, then a full year's LPT from January
2026 Updates
- New valuation period begins in November 2025 (affects 2026 LPT calculations)
- Revenue has provided updated guidelines for the November 2025 revaluation
- No rate changes announced for 2026: still 0.1029%
- Digital filing is mandatory: paper returns no longer accepted
What Happens If You Don't Pay?
If you fail to pay LPT, Revenue can:
- Deduct the amount from your wages or pension
- Add penalties and interest
- Place a charge on your property
- Seize goods or take enforcement proceedings
Official site: Revenue.ie: Local Property Tax