Local Property Tax (LPT)

A yearly tax on residential property, based on its value band.

Owners of residential property pay Local Property Tax (LPT) each year, based on the property's value at the valuation date and the local authority's rate. Not keeping LPT up to date can add a surcharge to your income tax or Capital Gains Tax.

Work it out

• Local Property Tax for 2026 to 2030 →
• Stamp duty and property tax on a purchase →

Related terms

Late filing surcharge · Stamp duty

All terms · General information, not tax advice.