What are the rates of Local Property Tax (LPT)?

The amount of LPT you pay depends on the value declared for the property on 1 May 2013. Property values are organised into valuation bands. An LPT rate is assigned to each band.

No banding applies to property values over €1 million. You must declare an actual valuation for your property.

The actual value is assessed at 0.18% on the first €1 million in value and 0.25% on the portion of the value above €1 million.

From 2015 onwards, local authorities can vary the LPT base rate on residential properties. The base rate is the rate as applied in 2014. The local authority can increase or decrease the LPT rate by up to 15% from the base rate. This is referred to as the Local Adjustment Factor (LAF).

Valuation band and LPT charge for 2013 and 2014

What is Stamp Duty and What Rate is Applicable?

Stamp Duty

Stamp duty is a Government tax payable when you buy a property and is based on the value of the property. The money paid to the Government is to ensure that your deeds are stamped, without it your deeds can't be registered. The rates of duty applicable for residential property (whether new or second-hand) are as follows:

  • Aggregate Consideration
  • First €1,000,000
  • Excess over €1,000,000
  • Rate of Duty te of Duty
  • 1%
  • 2%

Example 1:

Consideration = €350,000
Rate Breakdown - €350,000 @ 1%
Total Duty Payable = €3,500

Example 2:

Consideration = €1,850,000
Rate Breakdown - €1,000,000 @ 1%, €850,000 @ 2%
Total Duty Payable = €27,000