Local property tax explained: how to self-assess the value of your Irish properties and avoid Revenue penalties

If Revenue finds your declared value significantly lower than the market value your self-assessment may trigger an investigation.

What happens if we get the value wrong? Will Revenue come after us?

Dear Majella

I’m hoping you can give me some advice. I’ve just received my letter about the local property tax (LPT). It says it’s a self-assessment tax, but I’m not entirely sure what that means.