As we approach the 2026 LPT cycle, property owners across Ireland must prepare for key changes and deadlines that will shape their tax obligations for the next five years. Whether you’re a homeowner, landlord, or advisor, understanding the updated requirements is essential to ensure compliance and avoid penalties.
Key Dates and Deadlines
- Valuation Date: 1 November 2025
This is the date on which the market value of your residential property must be assessed. The valuation you submit will determine your LPT liability for the years 2026 to 2030. - Return Submission Deadline: 7 November 2025
You must submit your LPT return to Revenue by this date, including your self-assessed valuation and chosen payment method. - Payment Start Date: 1 November 2025
Payments for the 2026 LPT cycle begin from this date. You can opt for a lump sum or monthly instalments.
Updated Valuation Bands and Charges
Valuation bands and basic rates for valuation period 2026–2030.
To reflect rising property prices, the government has widened valuation bands by 20%. This adjustment aims to soften the impact of increased property values while maintaining fairness.
| Valuation Band Number | Valuation Band (€) | LPT Charge Basic Rate (€) |
| 1 | 0 – 240,000 | 95 |
| 2 | 240,001 – 315,000 | 235 |
| 3 | 315,001 – 420,000 | 333 |
| 4 | 420,001 – 525,000 | 428 |
| 5 | 525,001 – 630,000 | 523 |
| 6 | 630,001 – 735,000 | 618 |
| 7 | 735,001 – 840,000 | 713 |
| 8 | 840,001 – 945,000 | 808 |
| 9 | 945,001 – 1,050,000 | 903 |
| 10 | 1,050,001 – 1,155,000 | 998 |
| 11 | 1,155,001 – 1,260,000 | 1,094 |
| 12 | 1,260,001 – 1,365,000 | 1,272 |
| 13 | 1,365,001 – 1,470,000 | 1,535 |
| 14 | 1,470,001 – 1,575,000 | 1,797 |
| 15 | 1,575,001 – 1,680,000 | 2,060 |
| 16 | 1,680,001 – 1,785,000 | 2,322 |
| 17 | 1,785,001 – 1,890,000 | 2,585 |
| 18 | 1,890,001 – 1,995,000 | 2,847 |
| 19 | 1,995,001 – 2,100,000 | 3,110 |
| For properties worth more than €2.1 million, see below. | ||
Properties worth more than €2.1 million
Properties worth more than €2.1 million are assessed on the actual value of the property rather than from a valuation band.
The LPT charge for these properties is the total of:
- 0.0906% of the first €1.26 million of market value of the property and
- 0.25% of the portion between €1.26 million and €2.1 million and
- 0.30% of the portion above €2.1 million
Local Authority Adjustments
From 2026, local authorities can vary LPT rates by up to 25% (previously 15%). This means your final charge may differ depending on your property’s location
Filing Requirements and Compliance
- Self-Assessment: LPT remains a self-assessed tax. You must determine your property’s market value as of 1 November 2025 and submit it to Revenue.
- Exemptions: Even if your property qualifies for an exemption, you must still file a return to claim it.
- Specific Clearance: If selling a property valued significantly above its last declared valuation, you may need to apply for Revenue’s “Specific Clearance” using Form LPT5.
- Surcharges: Failure to file or pay LPT on time can trigger surcharges on your income or corporation tax returns. Its is important to resolving outstanding liabilities before filing.
Practical Tips
- Use Revenue’s interactive valuation tool to help assess your property’s value.
- Set up a direct debit to avoid missed payments and interest charges.
- Keep records of valuations and payments for future reference or sale-related queries.