BV Real Estate have a Team of Qualified Valuers to conduct zoned residential land valuations nationwide covering each county in Ireland.
The annual tax return known as Residential Zoned Land Tax (RZLT) comes into effect as of 1st February 2025 RZLT calculated at 3% of the market value of the land.
Residential zoned Land will be liable for annual tax on the basis that the land zoned residential use and serviced on, or before, 1 January 2022. Landowner must file a return and pay any RZLT due for 2025 by 23 May 2025.
Residential Zoned Land Tax (RZLT) will operate on a self-assessment basis. Landowners liable to RZLT must register for the tax.
The RZLT process has two parts:
1) Identification and mapping of the land in scope for the tax. This is undertaken by local authorities through the publication of annual draft and annual final maps
2) Administration of the tax. The Revenue Commissioners will undertake this.
Valuations for RZLT
BV Real Estate prepare detailed valuations to Blue Book standard that include important detail such as comparable lands in the area.
Other Important factors to determine value of zoned land will be access to infrastructure such as water / foul services and road footpath access.
To discuss valuation of your zoned residential land please call one of our Regional Offices that cover nationwide.
