370. Deputy Ken O'Flynn asked the Minister for Finance the projected revenue from LPT in 2026, and the estimated number of households reclassified into higher valuation bands since 2021. [60907/25]

Local property tax (LPT) is a self-assessed tax charged on the market value of residential properties in the State, which is collected by Revenue. The number of homes which move into a higher band will be determined by the self-assessed returns by homeowners. Therefore, it is not possible to provide a definitive answer to the Deputy’s question.

Earlier this year, officials in Revenue’s Statistics Branch conducted an extensive modelling and valuation exercise in respect of LPT liable properties. The purpose of this work was to inform policy decisions and to provide guidance to taxpayers on the valuation of their properties for the upcoming LPT valuation period 2026-2030. A paper outlining the process was published in September and is available on Revenue’s website: www.revenue.ie/en/corporate/documents/research/property-valuation-technical-paper-2026.pdf.

As outlined in the paper, the estimated LPT yield based on the 2026-2030 bands and rates is €611 million if no rate adjustments were applied by local authorities. This estimate was developed using data from the 2025 LPT register, the Central Statistics Office Residential Property Price Index, and Revenue Stamp Duty data, as explained on page 8 of the paper.

It is estimated that approximately 93% of properties nationwide will remain in the same valuation band following revaluation. 4% of properties are estimated to move up one valuation band, while 1% are estimated to move down a band. Rounding effects these totals. This analysis does not include properties owned by local authorities or Approved Housing Bodies, as these properties will automatically remain in Band 1.

Regarding the estimated number of households reclassified into higher valuation bands since 2021, Revenue published analysis of LPT returns filed after the 2021 revaluation. Revenue found that 13% of properties nationwide moved into a higher valuation band after the 2021 revaluation. It should be noted that this was the first revaluation since LPT was introduced, in 2013. These statistics are also available on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/lpt/lpt-stats-update-050123.pdf.

Following an analysis of the LPT returns filed this month, data will subsequently become available on properties’ LPT liability and band movement.