Dáil Éireann Debate, Tuesday - 5 October 2021
161. Deputy Richard Bruton asked the Minister for Finance the local property tax yield estimated by the Revenue Commissioners as a consequence of the revised property valuations, and the revised rates of payment.; and if he will make a statement on the matter. [47528/21]
View answerRevenue has published an initial set of statistics in relation to Local Property Tax (LPT) for 2022, which is available on the Revenue website.
These statistics include Revenue’s projected estimate of the 2022 receipts, which stands at €538m, taking account of the rate adjustment decisions of Local Authorities. I am advised that these estimates are based on Revenue’s projection forward of property values to November 2021.
The actual LPT yield in 2022 will depend on the self-assessed valuations submitted by property owners, the number of new or previously exempt properties becoming liable and the number of property owners entitled to claim exemption from the tax or avail of a deferral of payment.
