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Local Property Tax deadline is fast approaching

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By Ted Healy of DNG TED HEALY

By now everyone will be aware that the Local Property Tax (LPT) return deadline is fast approaching on November 7.

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So this week we give a quick easy to follow guide on the LPT; who is liable, how properties are assessed, what rates apply and how to pay.

Who Pays?

In essence, residential properties suitable for use as a dwelling (occupied or unoccupied) are subject to LPT. Certain properties were and continue to be exempt from the LPT, including properties unoccupied for an extended period by an ill or infirm liable person, or properties affected by pyrite or mica.

Some previous exemptions, such as new or unused properties purchased or built after 2013 or properties in unfinished housing estates, will no longer apply and now fall liable for LPT in 2022 and thereafter.
The owner of the residential property is legally liable for the LPT.

How is it Assessed?

The LPT is a value based tax and uses market values at its core. It is a self assessment tax with the onus on the property owner to value the property. It was first introduced in 2013 with property values set at market values in May of that year.

This year has seen a number of reforms of the system with the valuation bands largely increased and a revaluation date of November 1, 2021. The amount payable in 2021 will apply for the next four years, until 2025.

Revenue have issued a Notice of Estimate to each household which outlines an estimated liability. It is important to note that this is a guide only and liable persons are still required to value their property.

They can do so by using a number of different valuation sources or guides, including Revenue's online interactive valuation guide, the Residential Property Price Register, the use of a professional valuer, local real estate agents, or commercial property sales websites such as daft.ie or myhome.ie.

Once the taxpayer submits the valuation, Revenue’s estimated liability will be replaced by the self-assessed property valuation and the respective LPT charge.

Failure to submit a LPT return or the submission of an undervaluation may be subject to a penalty of €1,000 or a challenge by Revenue. At the same time, Revenue will pursue the estimated LPT liability amount using the available collection and enforcement options.

What is the rate?

The tax rate is set by central Government and was initially 0.18% for properties up to a value of €1m, with a higher rate of 0.25% levied on more valuable properties.

Given the increase in property prices and the inevitable rise in LPT liabilities, the Government has widened the valuation bands and reduced the lower rate (to 0.1029%, with the higher rates of 0.25% and 0.3%).

The following are the new valuation bands:

Local authorities have the power to vary the basic rate up or down by 15% annually. Kerry County Council have levied an additional 7.5% on top of the basic LPT rate.

Who collects the tax?

Revenue will continue to collect the LPT, and offer multiple payment options. These include a single payment using a debit card, credit card, cash or cheque; phased payments/instalments (monthly Direct Debit or via an approved Payment Service Provider such as An Post), or deduction at source (from salary/occupational pension/Government department).

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Street Orienteering added to Wander Wild programme

By Sean Moriarty A new event has been added to the extensive Wander Wild Festival next weekend. Kerry Orienteers will run a family-friendly Urban Orienteering event as part of the […]

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By Sean Moriarty

A new event has been added to the extensive Wander Wild Festival next weekend.

Kerry Orienteers will run a family-friendly Urban Orienteering event as part of the festival on March 25.

Participants can start at the Killarney Plaza Hotel Basecamp anytime from 2-4pm on Saturday.

Orienteering is an exciting outdoor adventure sport which involves walking or running whilst navigating around a course using a detailed map and sometimes a compass. And the Wander Wild Street Orienteering will have courses suitable for all ages and abilities.

“The aim is to navigate in sequence between a set of control points and decide the best route to complete the course in the quickest time. It does not matter how young, old or fit you are, as you can run, walk or jog the course and progress at your own pace. If you need any help or tips members of Kerry Orienteering Club will be available to assist during the day,” said organiser Brendan O’Brien.

Two routes are available: ‘Wander’ – 2km (easy, wheelchair and buggy accessible) and Wild – 4km (moderate), and bookings can be made via: https://t.ly/jHm2R.

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Quiz helps to fund Easter pilgrimage

A popular annual table quiz, which raises funds to send Kerry children and young adults with special needs to Lourdes, will be held in Killarney next week. The Tim Moore […]

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A popular annual table quiz, which raises funds to send Kerry children and young adults with special needs to Lourdes, will be held in Killarney next week.

The Tim Moore Memorial Table Quiz will be held in the Gleneagle Hotel at 7.30pm on Wednesday, March 29.

The entry fee for tables of four is €40 and it is €20 for teams of four schoolchildren with great prizes up for grabs on the night.

All proceeds will go to the Irish Pilgrimage Trust which organises trips to Lourdes every Easter for children and young adults with additional needs.

They will be brought on the pilgrimage on Easter Sunday and all the volunteer helpers and medical staff that will accompany them will cover for their own travel costs.

The annual quiz, which is running for close on 30 years, is dedicated to the memory of the late Killarney accountant Tim Moore who was a tireless campaigner for the Irish Pilgrimage Trust. He passed away, suddenly, in 2002 and his friends have continued the quiz as a tribute to his legacy and to ensure the charity continues to be supported.

It hasn’t been held for the past two years due to the pandemic but all involved are thrilled that it is back for 2023.

Kieran Coffey, the retired principal of Fossa National School, is one of those who spearhead the Kerry pilgrimage to Lourdes and he has appealed to the public to support the very important fundraiser which helps offset some of the costs involved.

“We are delighted to be in a position to continue Tim’s great work and to dedicate the quiz to him. The event is always so well supported by the people of the greater Killarney area and we greatly appreciate that generosity,” said Kieran.

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