Revenue urges homeowners to pay property tax as deadline looms next week

Figures released by Revenue show that up to 70 per cent of homeowners have yet to file returns for the local property tax (LPT), which is due for 2022 on most homes in the State next week.

Revenue says the tax returns for sums totalling €38 million have been paid in connection with some 530,000 homes so far, or about 30 per cent of the total properties liable for 2022. About 95 per cent of the returns have been made online. Returns for 2022 are due to be filed by all homeowners by next Sunday, November 7th. Tenants do not have to pay the tax.

Revenue has this year changed the system for the tax for the first time since it was introduced in 2013. Homeowners must estimate the current value of their property and enter it in one of 20 price bands, with higher taxes due on houses further up the valuation chain. For example, houses worth up to €200,000 pay €90 LPT, those worth between €262,501 and €350,000 will pay €315, and those worth €350,000 to €437,500 will pay €405.

Read: Tips on valuing your home for the LPT

Houses in the top bracket, those valued at over €1.75 million will pay tax starting at €2,830 for the year, plus 0.3 per cent of the value over €1.75 million.

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Katie Clair, head of Revenue's LPT branch, said homeowners have a little over a week to value the property, and submit this valuation to Revenue. She also said Revenue's LPT helpline is getting 10,000 calls per day, with the busiest times between 9.30am and 11am, and they should consider trying later in the day.

Homeowners can enter their Eircode on the Revenue payment site, and it will suggest a valuation based on other houses in the local area. Homeowners can also enter their own valuation. Figures released by Revenue suggest just under one-third of returns so far have been made under the lowest band, with more than half falling between €200,000 and €437,500.