Calculating property tax

Blanco100

Hi guys,

Need some info on property tax, recently bought a new house (well October 2019 to be precise).

We are obviously liable for property tax for this year, but want to know how they came to their valuation.

On the valuation map on revenue site (https://lpt.revenue.ie/lpt-web/valuation-guide/index.htm), we seem to fall under band 2 (based on type of house, location and year of build). We are however being charged the band 3 rate.

Is this correct? They say its a self assessment, but we never actually made this assessment.

How is this judged?

Can someone also tell me when payment is due? I know upon purchase the solicitor would have accounted for our portion at some stage, but for what period would this have been? apologies its very confusing

august12

Blanco100 wrote: »

Hi guys,

Need some info on property tax, recently bought a new house (well October 2019 to be precise).

We are obviously liable for property tax for this year, but want to know how they came to their valuation.

On the valuation map on revenue site (https://lpt.revenue.ie/lpt-web/valuation-guide/index.htm), we seem to fall under band 2 (based on type of house, location and year of build). We are however being charged the band 3 rate.

Is this correct? They say its a self assessment, but we never actually made this assessment.

How is this judged?

Can someone also tell me when payment is due? I know upon purchase the solicitor would have accounted for our portion at some stage, but for what period would this have been? apologies its very confusing

This may help you.

https://www.citizensinformation.ie/en/money_and_tax/tax/housing_taxes_and_reliefs/local_property_tax.html

Blanco100

august12 wrote: »

This may help you.

https://www.citizensinformation.ie/en/money_and_tax/tax/housing_taxes_and_reliefs/local_property_tax.html

If you purchase a property on 24th October 2019, from when are you liable to pay?

Are you liable to pay for 2020 in full and up front at start of 2020?

august12

Blanco100 wrote: »

If you purchase a property on 24th October 2019, from when are you liable to pay?

Are you liable to pay for 2020 in full and up front at start of 2020?

Liability date for 2020 was 1st Nov. 2019, so if the closing date of your purchase was October, then you are liable to the best of my knowledge, there are many methods of payment but if you purchased for less than band of your area, contact Revenue for adjustment or maybe you can do this from the revenue app.

https://www.revenue.ie/en/property/local-property-tax/is-your-property-liable-lpt/what-are-the-key-dates-for-lpt.aspx

august12

Blanco100 wrote: »

If you purchase a property on 24th October 2019, from when are you liable to pay?

Are you liable to pay for 2020 in full and up front at start of 2020?

Not sure if you are liable this year if it's a new build, see attached. Maybe contact Revenue for clarification.

https://www.irishexaminer.com/breakingnews/ireland/up-to-80000-homes-exempt-from-property-tax-until-2021-915832.html