Nine in 10 homeowners have paid LPT or set up payment options
Revenue has published statistics on Local Property Tax (LPT) for the first quarter of 2023, detailing LPT collection of €314 million so far this year. The current payment compliance rate stands at 90%.
Payment arrangements for 2023 LPT liabilities are in place on over 1.7 million properties including 350,000 annual debit instructions debited on March 21. Most properties in County Cavan (73%) fall under Band 1 for payments, based on their valuations. Cavan homeowners have a combined estimated liability for LPT in 2023 of €4M.
2022 was the first year that newly liable properties came within the charge to LPT on an annual basis. Owners of properties built during 2022 were required to submit an LPT return and set up a payment arrangement for 2023.
Commenting on the importance of property owners making sure that they pay their LPT liability or set up a payment method, without delay, Katie Clair, Head of Revenue’s LPT Branch, said:
"All residential property owners were required to set up their 2023 payment method by January 10 at the latest and the vast majority did exactly that. However, some property owners haven’t yet paid or set up a payment arrangement and they now leave themselves open to collection and enforcement action by Revenue.
"We have issued 150,000 letters to property owners who haven’t yet paid or set up a payment method to pay or make an arrangement to pay. Property owners who fail to do so may be subject to a range of collection and enforcement actions by Revenue including mandatory Deduction at Source (DAS) from salary or pension, withholding of tax clearance certification, the application of surcharges on income tax, corporation tax and capital gains tax returns or offsetting of other tax refunds against LPT arrears.’’
Ms Clair added that the easiest way to set up LPT payment is online through the LPT online portal on revenue.ie
However, if property owners need assistance in completing their LPT Return or have any queries regarding their LPT obligations, they can contact the LPT Helpline at 01-7383626.