Property tax will be reviewed every four years under overhaul

Minister for Finance Paschal Donohoe speaking to media outside Government Buildings, following the publication of the Heads of the Finance (Local Property Tax) (Amendment) Bill 2021 which was approved by Government at the Cabinet meeting yesterday. Picture: Sam Boal/RollingNews.ie

Local Property Tax (LPT) will be reviewed every four years under an overhauled system which also brings newly-built homes into the net.

People will be asked to value their own homes under the adjusted property tax system which will be based on "fairness" and "affordability", Finance Minister Paschal Donohoe has said.