Peadar Tóibín
Ceist:148. Deputy Peadar Tóibín asked the Minister for Finance the amount collected under the local property tax per year since 2013; and the effect new changes to the tax is projected to have. [34393/21]
Amharc ar fhreagraTuesday, 29 June 2021
Ceisteanna (148)
Freagraí scríofa
I am informed by Revenue that Local Property Tax (LPT) receipts collected per year since 2013 are set out in the table below.
|
Year |
Net Receipts €m |
|
2020 |
482 |
|
2019 |
474 |
|
2018 |
483 |
|
2017 |
476 |
|
2016 |
463 |
|
2015 |
469 |
|
2014 |
493 |
|
2013 |
316 |
Based on current collection trends, it is estimated that the 2021 yield may be in the region of €495 million. With the exception of 2013, when LPT applied only for six months, variations in receipts from year to year largely reflect differences in Local Adjustment Factor (LAF) decisions by Local Authorities.
The yield for 2022 under the revaluation approach set out in the General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021 is provisionally estimated to be €560 million. This is before any LAFs are applied. As LPT remains a self-assessment tax, the final actual yield will be determined by the valuations returned by property owners.