LOCAL PROPERTY TAX
PAYMENTS DUE FOR 2016
If, on the 1st of November 2015, you are a
residential property owner, this means that on that
date, you are liable for the local property tax due on your house or apartment for the full 2016 year,
even if you intend, and actually do sell it, at
any time during 2016.
To quote from the Revenue website: If you (as an owner) sell or transfer ownership of your residential property after 1 November 2015 you will be liable to pay LPT on the property for 2016, even if it is sold
or transferred before the end of 2015. The 2016
LPT charge should be paid in full at the time of
the sale (or transfer of the property to the new owner).
In fact, you will not legally be able to sell your property until you can demonstrate proof that the Local Property Tax on it is paid for the year in which it is sold.
There are various methods of payment available to you as the property owner: for example in 2015, around 1 million property owners paid either by instalments, by direct debit credit card, cheque or by using the post office instalment method. Many people paid the complete amount due in one go, by credit card, debit card, cash or cheque. To pay your property tax by cash, visit your local Post Office where you can pay it over the counter using the LPT related letter you received from Revenue Commissioners or by using your Personal Public Service Number (PPSN).
For 2016, the Revenue will be writing to property owners, asking them to confirm by which method they intend paying their tax for 2016. As most people today are au fait with payment of bills and charges online, the Revenue expect that the majority of property owners will contact them using the Revenue website.
You can find a complete list of the charges due for your Local Authority area by clicking on
2016 Local Property Charges.
For 2016, no Local Authority has increased the LPT rate, and 11 Local Authorities have decreased it. As was proposed when the LPT was introduced, the valuation bands that were introduced in 2013 are still the same today, and possibly will remain so until 2019, unless a new Government changes the proposals recently announced in the 2016 Budget.
Exemptions from the LPT are available for those houses bought in 2013 until 2017. One estimate, based on the Property Register data, suggests that 13,000 houses and apartments were purchased in 2013 alone.
REVENUE INVESTIGATION OF 250,000 POSSIBLY UNDERVALUED HOMES