Local Property Tax (LPT) is an annual self-assessed tax on residential properties in Ireland. The amount you pay depends on the market value of your property. The LPT return for 2026 is due by 31 March.
You self-assess the market value of your property and select the appropriate valuation band. The basic rate is 0.1029% on properties valued up to EUR 1,050,000. For properties valued above EUR 1,050,000, the rate on the excess is 0.25%. Local authorities may vary the basic rate by up to 15% (higher or lower).
You can pay LPT by direct debit, deduction at source from salary or pension, single debit authority, cash through approved payment service providers, or credit/debit card. Direct debit spread over the year is the most common method.
Certain properties are exempt, including properties purchased as a sole or main residence by a first-time buyer between 1 January 2013 and 1 January 2024 (for the duration of the exemption), properties vacated due to long-term mental or physical infirmity, and certain charity-owned properties. Deferrals are available for low-income households (gross income under EUR 18,000 for a single person, EUR 30,000 for a couple).
If you are registered with the RTB, LPT on your rental property is deductible against rental income. Get the full picture with our Rental Income Tax Report.
Get Rental Report - EUR 49You self-assess the market value of your property as at 1 November 2021 (the current valuation date) and select the appropriate valuation band. Revenue provides an online valuation guide with data from the Property Price Register, CSO statistics, and comparable sales. If you are unsure, you can use a professional valuer, but this is not required.
If your property has been significantly altered since the valuation date (e.g. a major extension or renovation), the valuation is still based on the property as it stood on 1 November 2021, not its current condition.
If your gross income is below EUR 18,000 (single person) or EUR 30,000 (couple), you can apply for a full deferral. If your income is slightly above these limits (up to EUR 22,500 or EUR 37,500), a partial deferral of 50% may apply. Deferred amounts carry interest at 4% per year and must be paid eventually, typically from the proceeds if the property is sold.
If your rental property is registered with the RTB, you can claim LPT as a deduction against rental income. This is often overlooked. The deduction reduces your taxable rental profit, saving you tax at your marginal rate.
Disclaimer: This information reflects the 2026 tax year. Tax rules change annually following the Budget. Check Revenue.ie for the latest rates and thresholds. This guide is for informational purposes only and does not constitute tax advice.