Latest Laois News: Local Minister insists 99% of Laois Homeowners’ LPT will stay same or go down
99% of Laois Homeowners will see no change or a reduction in their Local Property Tax – Fleming
Sean Fleming TD, Minister of State, Department of Finance has stated that 99% of all Laois homeowners will see no change or an actual reduction in their Local Property Tax bill.
“Despite changes to the legislation at national level there will be little or no impact in Co. Laois.
Some people have been scaremongering and putting out fake news in relation to this tax. In reality the only people who can expect an increase in their LPT bill are those with properties worth over €1million or those who never paid the tax before.
This tax was introduced based on house values in 2013 and the new changes mean that houses now have to be valued at their current market value. However, the value of houses can be increased substantially without any increase in the LPT. Some examples are:
No increase in Local Property Tax
There will be no increase in the Local Property Tax where house values have increased as follows: from €100,000 to €200,000 or from €150,000 to €262,500 or from €200,000 to €350,000 or from €250,000 to €437,500. This covers the vast majority of houses in Co. Laois.”
Reduction in Local Property Tax
There will be an actual reduction in the Local Property Tax where the increase in a house value is modest and in the following ranges: from €150,000 to €200,000 or from €200,000 to €262,500 or from €250,000 to €350,000 or from €300,000 to €437,500. A number of houses in Laois will fall into these categories.
The deadline for submitting your Local Property Tax Return is Thursday 7th November 2021. The quickest and easiest way to submit your LPT Return is online via myAccount, ROS or the LPT Online Portal.
If you need help, call Revenue on : 017383626