Under-valuing LPT can lead to interest and penalties – and block sales

Don't try to low-ball the Revenue. Illustration: Getty

Don’t try to low-ball the Revenue. Illustration: Getty

With homeowners struggling with the cost of living and gritting their teeth after a budget that delivered no tax boost for ­middle-income earners, the prospect of another looming tax bill may prove difficult to swallow.

In recent weeks, Revenue has run an information campaign and sent letters and email notifications to remind homeowners to revalue their homes for LPT purposes on November 1.