Revenue Home Revaluation Letters: Over 2 Million UK Homeowners Affected
News Context
At a glance
- revenue is asking homeowners to revalue their homes for Local Property Tax (LPT) purposes.
- * November 1st: Determine the valuation band of your property.
- * LPT is self-assessed - homeowners must determine the market value.
Here’s a summary of the provided text:
revenue is asking homeowners to revalue their homes for Local Property Tax (LPT) purposes.
Key Dates & Requirements:
* November 1st: Determine the valuation band of your property.
* November 7th: submit your LPT return, including the valuation band.
* 2026-2030: This new valuation band will apply to all LPT charges during this period.
Significant Points:
* LPT is self-assessed – homeowners must determine the market value.
* Revenue provides guidance and an interactive valuation tool on their website (based on eircode/location) to help with this process.
* Revenue will be contacting property owners with more information.