Over two million homeowners to get letters from Revenue warning them to revalue homes for property tax

"The tax authority is to tell property owners that the new valuation will apply for the Local Property Tax (LPT) from next year. The LPT is going up next year in a move that means most homeowners will pay more. This is because the revaluation exercise for the tax is being carried out for the tax. The last valuation dates back to 2021."

"However many homeowners are facing big increases in the tax next year because their local authority has used its discretion to hike the tax. A recent survey by the Irish Independent found large numbers of county councils have voted to use their discretion to increase what is called the Local Adjustment Factor in their area for next year, with many of these imposing the maximum 15pc increase. Separate to that, Revenue wants homeowners to revalue their homes."

A revaluation of residential properties will apply to the Local Property Tax (LPT) with the new valuation effective for charges from 2026 to 2030. Property values have risen by more than 25% since the last valuation in 2021, prompting band widening to limit sharp tax jumps. Lower-band properties (valuations under €525,000) will see modest annual increases of €5–€23, while some homeowners face larger hikes where local authorities apply the Local Adjustment Factor, often up to the 15% maximum. Property owners must self-assess their valuation band on 1 November and submit LPT returns by 7 November, using Revenue guidance and an interactive valuation tool, and then pay or arrange payment for the 2026 charge.

Read at Irish Independent