Home Q&A: All you need to know about Local Property Tax changes

As property values have increased by 23% nationwide from November 2021 to December 2024, it's worth noting certain changes

The LPT revaluation is to take place on November 1, 2025, with the next set valuation period commencing in January 2026 for a duration of five years.  Flle picture

Question

What do I need to know about upcoming Local Property Tax changes?