The Local Property Tax (LPT) will come into force on 1 July 2013.
A half year payment will be due for the second half of 2013.
A full year payment due from 2014 onwards.
The property owner will be liable for the LPT.
This includes local authorities and social housing organisations.
- New and previously unoccupied homes purchased between 1 January 2013 and 31 December 2016 will be exempt up to the end of 2016.
- Second-hand property purchased by a first time buyer between 1 January 2013 and 31 December 2013 will be exempt until the end of 2016.
The Local Property Tax (LPT) is payable at a rate of 0.18% of the market value of properties (by reference to bands of €50,000) up to €1m and 0.25% on any balance above €1m.
There is a property tax calculator on this site: