More than a million letters from the tax office with details of changes in property tax are currently landing in households.
Owners need to reevaluate their homes and submit a submission to the tax office within the next month.
It is the first real estate tax revaluation since it was introduced in 2013.
Here are five things to do about local property tax.
Calculate the value of your home
All property owners are required to rate their property with November 1st as the set date. If you value it now, that’s enough.
Sales has an indicative rating tool on its website. Enter your eircode or address and move the cursor over your house and the sales estimate will be displayed.
The letters to homeowners have a valued value in themselves.
A good place to research is the residential property price register (propertypriceregister.ie). The register records all real estate transactions.
For information on property values ​​in your area, please contact newspaper inserts, local real estate agents, and real estate websites such as Daft.ie and MyHome.ie.
You don’t have to know the exact value, but you do need to know what grade it is in. Those with one-off homes may need to have them professionally valued.
According to revenue, sheds, home offices, garages, greenhouses, garden spaces, and more than an acre of land (unless it’s a farm) all need to be accounted for.
Choose a rating tape
There are different prices for each volume, starting at € 90 and going up to a minimum of € 2,830 for a house with a value of more than € 1.75 million.
House prices have skyrocketed since 2013, but this is it. doesn’t necessarily mean you have to pay more tax.
The tax rate has been lowered and the existing bandwidths have been retained but are now being expanded. For example, the € 90 rate only covered houses up to € 100,000 in value, but now applies to houses up to € 200,000.
Sales will accept most reviews as long as they are reasonable.
Send a return
Revenue can write to you or contact you through MyAccount.ie or ROS.ie and tell you what to do. If not, you still have to file a property tax return by November 7th.
Your Property ID and PIN are included in these communications or you may already have them.
After you have determined the market value of your property, you should file your LPT (Local Property Tax) declaration.
The easiest way to submit your LPT return is online. Even if you have paid property tax in recent years, you will have to submit a new declaration.
Make payment arrangements
You don’t have to pay by November 7th, but you do need to indicate which payment method you choose.
You can make a single payment entirely with a debit or credit card or through a payment service provider such as An Post or other payment service providers.
You can also opt for an annual direct debit from Revenue. This is a direct debit payment that is debited from your bank account once a year. This payment will be debited from March 21st.
Alternatively, you can spread your payments out over 2022 from January. You can choose between a monthly direct debit, a weekly or monthly cash payment via an approved payment service provider or a source deduction from salary, wages or the company pension scheme.
Don’t underestimate your home
Revenue said, “If we have any concerns about a property owner’s self-assessment, we will ask the property owner to substantiate their assessment with evidence of the sources of information on which he or she is based that self-assessment. â€
The sales helpline is on 01 738 3626.
