{"id":4948,"date":"2023-04-21T15:45:02","date_gmt":"2023-04-21T14:45:02","guid":{"rendered":"https:\/\/novellusfinance.com\/?p=4948"},"modified":"2023-06-16T14:16:13","modified_gmt":"2023-06-16T13:16:13","slug":"property-tax-ireland","status":"publish","type":"post","link":"https:\/\/novellusfinance.com\/ie\/property-tax-ireland\/","title":{"rendered":"Property Tax in Ireland: Everything You Need to Know"},"content":{"rendered":"

Are you planning on buying or selling a property in Ireland? Then you need to understand the property tax you\u2019ll pay. Ireland is a popular destination for vacation homes, but its taxation on properties differs from that in the UK or Europe.<\/span><\/p>\n

In Ireland, tax is regulated by the <\/span>Revenue Commissioners<\/span><\/a>. Here we\u2019ll also explain how to pay property tax in Ireland and what you need to know to calculate property tax in Ireland.<\/span><\/p>\n

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WHAT IS PROPERTY TAX IN IRELAND?<\/span><\/h2>\n

Property tax in Ireland is an annual tax payable to the government based on the value of residential properties. The tax is based on the property’s current market value plus local authority factors. The tax is payable by the owner of the property and is used to fund local government services such as roads, parks and libraries.<\/span><\/p>\n

Local Property Tax (LPT) was introduced in 2013 and replaced the previous system of household charges. Under the LPT, property owners must self-assess their property’s value and pay the tax annually.<\/span><\/p>\n

Property tax in Ireland consists of several fees payable to the <\/span>Irish Tax and Customs Revenue Agency<\/span><\/a> on residential and non-residential property and land.\u00a0<\/span><\/p>\n

Even foreigners and <\/span>non-residents in Ireland<\/span><\/a> may be required to pay property tax depending on the type and condition of their own property.<\/span><\/p>\n

There are several types of property tax in Ireland based on the nature of the transaction:<\/span><\/p>\n