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Over 5k households exempt from Prop Tax

Thursday, March 21 10:25:52

Over 5,000 households will be exempt from paying the new Local Property Tax (LPT), according to the Department of the Environment.

Of the country's 1,770 unfinished ghost estates, 421 will be exempt from the new tax.

In contrast, 1,322 such estates containing around 43,000 households were exempt under the Household Charge waiver list.

The locations and boundaries of developments to which the exemption applies are available on the websites of the Revenue Commissioners the Department of the Environment and relevant local authorities.

The tax is due to come into effect from the second half of the year.

The deadline for paper returns is 7 May, while online returns can be made until 28 May.

The tax is calculated on the value of the property and is self-assessed by the owner.

Almost 179,000 letters have been issued by the Revenue Commissioners in relation to the tax.

Minister for the Environment Phil Hogan said the changes to the exemption list reflected "the improvements made by local authorities in resolving problems in unfinished housing developments."