Minister for Finance Paschal Donohoe will outline to Cabinet changes to the Local Property Valuations, which could see up to 3% of homeowners pay substantially more tax as their home moves to a new tax band.
However, for the majority of homeowners, their new annual charge will be between €5 and €25 higher, depending on their property’s value.
This is because the bands are being widened, and the tax is calculated on the mid-point of the band.
The next valuation date for Local Property Tax is due to take place on 1 November 2025.
According to the CSO, property prices increased by a national average of 23% in the period November 2021 to December 2024.
If revaluation of properties were to proceed in November 2025 without any amendments to the bands or rates, approximately 70% of properties would move up at least one band, which would result in a significant increase in LPT due for most homeowners.
Minister Donohoe will today bring a memo to Government setting out a number of amendments to the LPT charging mechanism.
With these changes in place, 97% of properties are expected to stay within the same band.
Minister Donohoe will also move to further extend the 9% VAT rate on gas and electricity to 31 October 2025.
Minister for Justice Jim O’Callaghan is seeking approval to progress the Guardianship of Infants (Amendment) Bill 2025.
The bill will remove guardianship rights from those convicted of killing their partners or a parent of their child.
In these circumstances, the bill will allow for an application to be brought before the District Court to remove guardianship rights from the perpetrator.
