Local Property Tax lump sum payments to be deducted tonight

Local Property Tax lump sum payments to be deducted tonight

Homeowners who opted to pay this year’s Local Property Tax as a lump sum (Single Debit Authority payment) will have the payment deducted from midnight tonight, March 21st.

The amount of LPT due for this year depends on the value declared for the property on May 1st 2013 and the LPT rate applying to the property for 2017.

In 2016 Revenue generated €463m from the self-assessed tax, which included €50m in pre-payments for this year.

The compliance rate for LPT was 97% last year.

The LPT, which is charged on the market value of all residential properties in the country, was introduced by the government in 2013.

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