Local Property Tax Day: Homeowners have until 5 p.m. Wednesday to file an LPT return

Homeowners are reminded that they have until 5 p.m. Wednesday to file their 2022 local property tax return.

The LPT deadline was extended from Sunday, November 7 at 5 p.m. to Wednesday, November 10, after thousands of homeowners were stressed about filing their first return with Revenue.

Revenue last week said it had received an “extremely strong” response from the Irish public with LPT returns for more than one million properties already filed.

“In the past three days, returns for over 250,000 properties have been filed, over 80,000 calls have been made to the Revenue LPT helpline and 15,000 items of correspondence have been received,” said Returned in a statement released on Friday.

“With this high level of commitment expected to continue to increase in the coming days, it is clear that owners are doing everything to fully comply with their LPT obligations.”

For over 100,000 homeowners, this is the first LPT return they’ve been asked to file, and Revenue said it is “very aware that this can cause homeowners some degree of worry and stress. who have no reason to engage directly with them. Revenues on an ongoing basis ”.

“In light of this and taking into account that the deadline for filing returns is Sunday, Revenue has extended the deadline for filing LPT returns to 5:00 p.m. on Wednesday, November 10, 2021.”

A chalet facade with a green door and window.

The LPT is a self-assessed tax. This means that homeowners will have to calculate the value of their property. To help you determine the value of your property, Revenue has launched an interactive appraisal tool, which you can find here.

However, Revenue says the tool is to be used only as a guide and urged homeowners to use other sources as well such as the residential property price register, professional appraisal, local real estate agents, or websites. sale of properties to accurately determine the value of their property.

You can calculate your local property tax here.

In total, there are 20 valuation ranges, which the Government has widened since 2013.

  • Band 2 houses valued between € 200,000 and € 262,500. Owners of this tape can expect a bill of € 225.
  • Band 3 homes valued between € 262,501 and € 350,000 will have an LPT of € 315.
  • Band 4 homes valued between € 350,001 and € 437,500 have an LPT fee of € 405.
  • Houses in Band 5 valued between € 525,001 and € 612,500 have an LPT of € 585.

To meet your LPT obligations for 2022, you need to do three things:

1. Determine the market value of your property on November 1, 2021

2. Submit your LPT return, including your assessment, by 5 p.m.November 10, 2021

3. Pay or arrange to pay your LPT fees for 2022.

The easiest way to submit your LPT return and pay your LPT fees is online. You can use your existing login information for myAccount or Revenue Online Service (ROS).

Organize your payment online

You can make an online payment either:

– single payment in full:

  • debit or credit card
  • Annual debit instruction (ADI)
  • one-time cash payment via an authorized payment service provider

– installments (installments) to spread your installments over 2022:

  • monthly withdrawal
  • weekly or monthly cash payments through an authorized payment service provider
  • withholding tax (on your salary, wages, occupational pension, payment from the Ministry of Social Protection or the Ministry of Agriculture, Food and Marine).

If you choose the ADI option, payment will not be taken from your bank account until March 21, 2022.

When you have to pay your LPT fees depends on the payment option you choose:

January 2022 – start of installment payments for withholding tax and regular cash payments through a payment service provider

January 12, 2022 – deadline for full payment in cash or by check

January 15, 2022 – monthly withdrawals begin and continue on the 15th of each month

March 21, 2022 – date of debit for the payment of the Annual Debit Instruction (ADI).

If you choose to pay your LPT fees by debit or credit card, your payment will be processed on the date it is submitted.

Penny D. Jackson