Dáil Éireann Debate, Thursday - 13 July 2023
279. Deputy Pearse Doherty asked the Minister for Finance the expected annual revenue in each of the years 2023 and 2024 of the local property tax, disaggregated by valuation band; and the number of properties within each valuation band. [34891/23]
View answerI am advised by Revenue that the latest available full year information available in respect of Local Property Tax (LPT) is for the year 2022. The total number of properties for which returns and/or LPT payments have been made for the year 2022 is 1,907,308 to-date. The table below shows a breakdown of these properties by valuation band. These figures include exempt and deferred properties and properties owned by Local Authorities and Approved Housing Bodies. Payments to date in respect of the year 2022 amount to €510 million. I am further advised that my Department does not prepare an advance estimate of the anticipated annual yield from LPT. However, I note that the figures for 2023 and 2024 will be impacted by the inclusion of newly built properties and by the decisions of the Local Authorities with regard to the Local Adjustment Factor.
The Deputy may wish to note that quarterly reports showing certain available current year statistics in relation to LPT are published on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statistics/local-property-tax/index.aspx.
|
Valuation Band |
Percentage of Properties |
Percentage of Liability |
|
1: €0-€200,000 |
39.4% |
13.9% |
|
2: €200,001-€262,500 |
20.0% |
17.5% |
|
3: €262,501-€350,000 |
18.5% |
21.8% |
|
4: €350,001-€437,500 |
9.3% |
13.6% |
|
5: €437,501-€525,000 |
4.9% |
8.5% |
|
6: €525,501-€612,500 |
2.5% |
5.0% |
|
7: €612,501-€700,000 |
1.7% |
3.9% |
|
8: €700,001-€787,500 |
1.0% |
2.7% |
|
9: €787,501-€875,000 |
0.8% |
2.4% |
|
10: €875,001-€962,500 |
0.5% |
1.6% |
|
11: €962,501-€1,050,000 |
0.3% |
1.2% |
|
12: €1,050,001-€1,137,500 |
0.2% |
0.8% |
|
13: €1,137,501-€1,225,000 |
0.2% |
0.8% |
|
14: €1,225,001-€1,312,500 |
0.1% |
0.7% |
|
15: €1,312,501-€1,400,000 |
0.1% |
0.6% |
|
16: €1,400,001-€1,487,500 |
0.1% |
0.4% |
|
17: €1,487,501-€1,575,000 |
0.1% |
0.5% |
|
18: €1,575,001-€1,662,500 |
0.0% |
0.4% |
|
19: €1,662,501-€1,750,000 |
0.1% |
0.5% |
|
Over €1.75 million |
0.2% |
3.5% |
