Dáil Éireann Debate, Thursday - 8 September 2022
375. Deputy Catherine Murphy asked the Minister for Finance if he will provide any work undertaken in respect of forecasting revenue realised from the collection of local property tax in future years. [42840/22]
View answerLocal Property Tax (LPT) is a self-assessed tax charged on the market value of residential properties in the State. LPT is collected by Revenue.
The LPT yield is estimated to be €490m in 2022. It is anticipated that the LPT yield will increase marginally annually, as new housing units are completed and enter the scope of the tax.
The Deputy may wish to note that Revenue publishes a comprehensive range of quarterly and annual statistics relating to LPT on its website, including information regarding exemptions from the tax, at www.revenue.ie/en/corporate/information-about-revenue/statistics/local-property-tax/index.aspx.
