Local Property Tax form to file and Pay
An annual self-assessed Local Property Tax (LPT) charged on the market value of all residential properties in the State will come into effect from 1 July 2013. It will be administered by Revenue and a half-year charge will apply in 2013. On 7 March 2013 Revenue Chairman Josephine Feehily outlined how Revenue will administer the Local Property Tax. Revenue will write to residential property owners over a four week period commencing on 11 March enclosing an LPT Return and a detailed guide to Local Property Tax. Due to the volume of correspondence involved, the distribution process will take approximately four weeks. The guide will provide information on how to assess the value of your property and calculate your LPT liability. It will also explain your payment options and how to complete your Return. The most straightforward way to submit your Return will be on-line at www.revenue.ie. The LPT booklet published above includes information on methods of self-assessing the market value of residential property. An online interactive guide providing indicative property values is now available on www.revenue.ie. This provides a guide to average market values of properties in a given locality and offers an indicative valuation band for properties depending on type, age and location. It does not provide market values for individual properties. The guidance is primarily based on the market value of properties sold since the year 2010 in the area, adjusted for average price movements in the interim. This guidance will be helpful in the majority of cases but there are always properties in an area that differ from the average. Self assessment requires property owners to honestly assess the market value of their own property. If a property is smaller or larger than the average for the area, is in a significantly poor state of repair or has exceptional or unique features, this will have to be factored into the assessment of the valuation band of the property. The web page for the online pay and file is as follows:
https://lpt.revenue.ie/lpt-web/views/login.html?execution=e1s1
