Dáil Éireann Debate, Tuesday - 7 May 2013
123. Deputy Andrew Doyle asked the Minister for Finance if the valuation of property owned by the Office of Public Works and the State has been completed for the purposes of the local property tax; when he expects the review to be published; and if he will make a statement on the matter. [21093/13]
View answerThe Local Property Tax (LPT) is a self-assessed tax. Therefore it will be a matter for the relevant State/public body as property owner to calculate the tax due based on its assessment of the market value of its property and submit a completed LPT Return in respect of all properties in their ownership. The Property Management Service in the Office of Public Works has engaged with the Revenue Commissioners and concluded an exercise to identify all those state owned properties which may be liable for the LPT within its portfolio. The OPW Valuation Service is currently engaged in assigning these properties to the appropriate tax band and work will be complete in advance of the Revenue deadline.
The Finance (Local Property Tax) Act 2012 (as amended) provides that where local authority owned properties are not exempt from LPT, the market value of any such property will be deemed to fall into the lowest valuation band of zero to €100,000 for the period up to and including 2016. This will result in an LPT charge of €45 per property for 2013 and €90 per year for 2014 to 2016. In addition, section 119 of the 2012 Act also gives local authorities until 2014 to pay the 2013 tax. In common with other liable persons who own multiple properties, local authorities have until 28 May 2013 to file their LPT Returns.
