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REVENUE has been forced to extend the deadline for filing a property tax return citing “worry and stress for property owners” caused by the first revaluation of the charge since it was introduced.

Homeowners had originally been told to file a tax return by this Sunday and indicate how they were going to pay.

But that deadline has now been extended to 5pm on Wednesday.

Local property tax (LPT) returns for just 1 million properties were filed by Thursday, out of a total of around 1.8 million properties that are liable for the local property tax.

This means that some 800,000 property owners have yet to file a return.

Between Tuesday, Wednesday and Thursday some 250,000 filings were submitted.

However, panicked homeowners have flooded the Revenue’s helpline with 80,000 calls made in the three days.

Many homeowners are confused about what to do as this is the first revaluation of the tax since it was introduced in 2013.

Thousands of others have been unable to get through to the Revenue property tax helpline.

Revenue said there is a high level of engagement with it from homeowners anxious to pay the tax.

But it acknowledged that having to engage with tax officials “can cause a degree of worry and stress for property owners who do not have a reason to engage directly with Revenue on an ongoing basis”.

“Revenue is also very conscious that this is the first revaluation for LPT since it was first introduced over eight years ago,” it said.

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“In light of this and having regard to the fact that the return filing deadline falls on Sunday, Revenue has extended the LPT Return filing deadline to 5pm next Wednesday, 10 November 2021.”

Homeowners are required to submit a value for their home, update their records with Revenue and indicate how they will pay, by the deadline.

Even those who have been paying the tax since it was introduced have to file a submission with a new valuation for their home and update their details with Revenue.

Letters sent to 1.4 million homeowners in the past few weeks from Revenue give them an estimated property tax liability.

But owners have been told to check the valuation and tell the tax authority what they think their property is worth.

Homeowners who deliberately undervalue their homes for the property tax have been warned that Revenue will force them opt for a higher valuation.

Suspicions have been raised about valuations being submitted for the self-assessed tax after it emerged that a third of homeowners who had submitted a valuation by end of last week said their home was worth less than €200,000.

Revenue said it will not overturn a valuation where a property owner has made an honest estimate of the value and can provide supporting documentation for the valuation.

But if the valuation cannot be supported, Revenue will engage with the property owner to agree a revised valuation, Revenue officials said in a letter to accountants.

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