Can LPT be revised down?

[Stephen Holmes]

Now that I have average house sales in my area for the past few years, I've noticed that the average would place me in the band below the one I'm currently paying in. Is it possible to revise down the deductibles accordingly, or is this wishful thinking?

 

[fistophobia]

The elephant in the room is the % of increase in LPT when it comes to revaluing properties. Is it 2018 or 2019?
Imagine the tax increase on a house in D4? Theres plenty of people who are asset rich / cash poor.

 

[HouseHunter2016]

The option is there to revise the liability, either upwards or downwards. This applies where there was an error in the original valuation you submitted, and doesn't apply where the property prices in the area have risen/fallen. The valuation date for LPT is still 1st May 2013.

This link explains some of the how and why of amending your valuation:

http://www.revenue.ie/en/property/l...declared-for-your-property-was-incorrect.aspx

 

[Stephen Holmes]

Thanks all! Very helpful.