Displaying items by tag: Local Property Tax

Proposed new legislation currently at Committee stage in the Houses of the Oireachtas will bring about changes to the Local Property Tax (LPT).

There has been a dramatic increase in the value of property over the past 12 months which is good news for people in negative equity however this is also resulting in home sellers possibly facing an additional local property tax bill.

Today is the last day you can pay your local property tax (LPT) without being charged interest and penalties. From midnight tonight, the Revenue Commissioners intend to charge interest and penalties on any unpaid LPT.

The filing of a return for payment of the Local Property Tax (LPT) for 2014 must be completed in November 2013.

Local Property tax returns must be filed online by midnight tonight. The Revenue estimate that over 500,000 homeowners have yet to register for the property tax.