I am advised by Revenue that residential properties built after the current valuation date (1 May 2013) remain outside the charge to Local Property Tax (LPT). As the properties are not liable to LPT, there is no obligation on owners to register them for the tax or complete the relevant returns. As such, the LPT Register does not contain valuation details in respect of these properties and liabilities cannot be accurately estimated for them.
However, based on information compiled from other sources, including Stamp Duty data, housing construction data, and data provided by the Central Statistics office (CSO), it is estimated that approximately 80,000 units that were constructed post-2013 will become liable to LPT for the next ‘valuation period’.
Were these properties made liable to LPT, based on their valuations at 1 May 2013, it is estimated that the yield would be in the region of €25 million per annum. A breakdown of these estimates on a Local Authority basis is not available.