Dáil Éireann Debate, Tuesday - 17 June 2025
300. Deputy Richard Boyd Barrett asked the Minister for Finance the estimated full-year cost of abolishing the local property tax and introducing a tax on non-principal private residences (NPPR) as follows: single NPPR– €1,000, ten or less NPPRs–€1,500 per property, and 11 or more NPPRs– €2,500 per property, excluding properties owned by local authorities and approved housing bodies; and if he will make a statement on the matter. [32669/25]
View answerI am advised by Revenue that as the NPPR is a historic charge, Revenue does not currently hold adequate information to prepare NPPR costings. As a result, the costing has been based on properties liable to Local Property Tax, excluding the first property for each liable person and excluding all other properties owned by Local Authorities and Approved Housing Bodies.
The table below outlines the estimated cost of introducing a tax on 2 or more properties as follows.
|
Properties Owned by Owners with |
Number of properties |
Rate of Tax (€) |
Total (€) M |
|
2 Properties |
171,099 |
1000 |
171 |
|
3 or more but less than 10 Properties |
89,804 |
1500 |
135 |
|
11 or more Properties |
95,176 |
2500 |
238 |
The estimated full year cost of abolishing LPT is €551m, this is based on the 2025 LPT liability.
