Ten tips for homeowners and local property tax

Society of Chartered Surveyors Ireland welcomed Revenue Commissioners’ decision to extend deadline for return of updated local property tax assessments at 5 p.m. on Wednesday 10e November. The original deadline was this Sunday, November 7e.

TJ Cronin, the chairman of SCSI said the extension of the income helpline’s deadline and hours of operation would help the roughly 800,000 owners who have not yet submitted their new reviews.

He added: “Obviously people haven’t had to do this for over 8 years and some people are Make this for the first time, therefore, our members feel a lot of anxiety. A lot of people had clearly left it at the last minute and were pushing each other. The extension should take a lot of anxiety away, but our advice is for people to do it right and do it as soon as possible ”

SCSI has reissued its Ten Tips for owners Make their own evaluations

  • Act now and prepare your quote on time
  • Use the Revenue Commissioners Property Valuation Guide at LPT (income.ie)
  • Check recent sales in your area on the Property Price Register Residential Property Price Register – home page
  • When you study PPR, be sure to compare
  • For example the overall size, number of parts, condition, positioning, orientation
  • Ask yourself if you would be happy to sell your property at this appraisal
  • Check how much LPT you will pay this or others to Calculate your local property tax (revenue.ie)
  • If you still have concerns, call an expert or a real estate agent
  • When you are satisfied with the review, proceed and submit your review online via myAccount (ros.ie), LPT (income.ie) or on paper form using the LPT1 form before 5 p.m. Wednesday 10 Novembere
  • Alert family members / neighbors who may not be aware of their obligations

Colin Smyth, a Dublin-based chartered surveyor and estate agent, said his office has been extremely busy with appraisals over the past month. He says the most owners I just want to get the right review right the first time.

He added: “If most of the homes in the area are of a similar type or if there has been a lot of transactions or if it is a recent development, the appraisal of the value and the choosing a group can be relatively straightforward. But if not or people are still unsure, they should call a licensed land surveyor or real estate agent who will be able to provide them with a LPT value. Along with peace of mind, a professional appraisal can save you money.

Due to increased demand for LPT evaluations, the SCSI produced a new guide and a new model for members to facilitate their work in this area.

Yes owners get a professional appraisal, they don’t have to submit this report with their appraisal, but they should keep it on file in case revenue requires it for supporting documents at a later date.

Penny D. Jackson