Local Property Tax
The amount of LPT due for 2020 depends on:
• The value of the property declared on 1 May 2013
• The LPT rate applied by your local authority in 2020
The property includes the property plus one acre.
The tax will be calculated at a rate of 0.18% of the market value
up to €1m and 0.25% on values above that level. There are a
number of bands up to €1m, however the tax is calculated at
the midpoint of the band (see table below). A ready reckoner is
available on www.revenue.ie
| Band No. |
Band Range |
Mid point
|
2013 |
2014-19 |
| 01 |
0 – 100,000 |
50,000 |
45 |
90 |
| 02 |
100,001 – 150,000 |
125,000 |
112 |
225 |
| 03 |
150,001 – 200,000 |
175,000 |
157 |
315 |
| 04 |
200,001 – 250,000 |
225,000 |
202 |
405 |
| 05 |
250,001 – 300,000 |
275,000 |
247 |
495 |
| 06 |
300,001 – 350,000 |
325,000 |
292 |
585 |
| 07 |
350,001 – 400,000 |
375,000 |
337 |
675 |
| 08 |
400,001 – 450,000 |
425,000 |
382 |
765 |
| 09 |
450,001 – 500,000 |
475,000 |
427 |
855 |
| 10 |
500,001 – 550,000 |
525,000 |
472 |
945 |
| 11 |
550,001 – 600,000 |
575,000 |
517 |
1,035 |
| 12 |
600,001 – 650,000 |
625,000 |
562 |
1,125 |
| 13 |
650,001 – 700,000 |
675,000 |
607 |
1,215 |
| 14 |
700,001 – 750,000 |
725,000 |
652 |
1,305 |
| 15 |
750,001 – 800,000 |
775,000 |
697 |
1,395 |
| 16 |
800,001 – 850,000 |
825,000 |
742 |
1,485 |
| 17 |
850,001 – 900,000 |
875,000 |
787 |
1,575 |
| 18 |
900,001 – 950,000 |
925,000 |
832 |
1,665 |
| 19 |
950,001 – 1,000,000 |
975,000 |
877 |
1,755 |
Exemptions:
• First time purchasers of homes in 2013 to the end of 2016
• Purchasers of new or previously unoccupied homes – up to end of October 2019
• Houses in unfinished “ghost” estates
• Certain homes vacated for 12 months or more by persons who are elderly.
• Properties owned by charities
• Registered nursing homes
• Motor homes, vehicles or vessels.
• Homes with pyrite damage
• Homes subject to commercial rates
• Diplomatic properties
Homes adapted for incapacitated individuals where adaptation costs exceed 25% of the market value. The owner of the home is generally liable for the tax.
Payments may be made by way of salary or pension deduction.
There is a deferral scheme for those on low incomes.
Key Dates
10 January 2021: Latest day for paying in full by cash, cheque,
credit card or debit card
15 January 2021: Monthly direct debit payments commence in
January and continue on 15th each month
21 March 2021: Single Debit Authority payment deducted.
